Disclosure of Director/PDMR Shareholdings

RNS Number : 5854E

Randall & Quilter Inv Hldgs PLC

13 May 2013

 



RANDALL & QUILTER INVESTMENT HOLDINGS PLC

("RQIH")

Disclosure of Director/PDMR Shareholdings

Following the successful Placing of 20,833,833 new Ordinary shares of 2 and 6/91p announced by the Company on 10 May 2013, the Company has been notified of the following changes to the percentage of voting rights held by Directors and their family members:

Kenneth Edward Randall holds 17,537,518 ordinary shares, which following the Placing represents 24.85% of the voting shares in issue.

Mark Edward Randall holds 1,611,997 ordinary shares, which following the Placing represents 2.28% of the voting shares in issue.

Alan Kevin Quilter holds 4,046,456 ordinary shares, which following the Placing represents 5.73% of the voting shares in issue.

Following the Placing, the R&Q Concert Party (which includes Mr. Randall and Mr. Quilter's family members) holds a total of 23,988,403 ordinary shares, representing 33.99% of the voting shares in issue.

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Enquiries to:

Randall & Quilter Investment Holdings plc	www.rqih.com
Tom Booth	Tel: [phone]
Numis Securities Limited
Stuart Skinner/Robert Bruce (Nominated Adviser)	Tel: [phone]
Charles Farquhar (Broker)	Tel: [phone]
Shore Capital Stockbrokers Limited
Dru Danford / Stephane Auton	Tel: [phone]
FTI Consulting
Edward Berry Tom Blackwell	Tel: [phone] Tel: [phone]

Notes to Editors:

Since formation, Randall & Quilter has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following three core areas:

·     Insurance Investments;

·     Insurance Services; and

·     Underwriting Management

The Group:

·     has a team of up to 400 insurance professionals based in the UK, USA, Bermuda, and Continental Europe with wide service capability in both the 'live' and 'run-off' market;

·     has a current portfolio of 12 insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£91.3m as at 31 December 2012

·     owns a Bermuda Class 3A insurance company which currently supports the Group's four syndicate participations;

·     has launched Syndicate 1991 which commenced underwriting from January 1, 2013 with a Capacity of £77m for 2013, provides 'turnkey' management services to Lloyd's syndicate 1897, manages two RITC ('run-off') syndicates and owns and operates 3 MGA business units; and

·     acquires and manages a portfolio of insurance receivables, with a carrying cost of c.£6.5m as at 31 December 2012.

The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer.

 

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