PDMR Share Dealings - Replacement

RNS Number : 6192J

Randall & Quilter Inv Hldgs Ltd

29 June 2017

 

The issuer advises that the following replaces the 'Director/PDMR Shareholding' announcement released on 29.06.17 at 11.21am under RNS number 5842J. The announcement should have included the PDMR dealing notification form, as disclosed below. All other details remain unchanged. The full amended text appears below.

Randall & Quilter Investment Holdings Ltd.

(the "Company")

PDMR Share Dealings - Replacement

29 June 2017

The Company has been notified of the following transactions:

On 29 June 2017 Kenneth Randall, the Company's Group Chairman and Chief Executive Officer, sold 3,631,012 of his holding of 2p ordinary shares in the Company at the rate of GBP 147p per share. Mr Randall now holds 12,510,682 ordinary shares which represents14.31% of the Company's issued share capital.

On 29 June 2017 Alan Quilter, the Company's Deputy Group Chief Executive Officer and Group Chief Operating Officer, sold 1,400,000 of his holding of 2p ordinary shares in the Company at the rate of GBP 147p per share. Mr Quilter now holds 3,266,456 ordinary shares which represents 3.74% of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kenneth Randall
2	Reason for the notification
a)	Position/status	Group Chairman and Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Randall & Quilter Investment Holdings Ltd.
b)	Legal Entity Identifier	2138006K1U38QCGLFC94
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	2p ordinary shares of the Company BMG7371X1065
b)	Nature of the transaction	Sale of 2p ordinary shares in the Company
c)	Currency	GBP
d)	Price(s) and volume(s)	Price	Volume
		147 pence	3,631,0122p ordinary shares
e)	Aggregated information - Aggregated volume - Price - Aggregated total	3,631,0122p ordinary shares 147 pence per 2p ordinary share £5,337,587.64
f)	Date of the transaction	29 June 2017
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alan Quilter
2	Reason for the notification
a)	Position/status	Deputy Group Chief Executive Officer and Group Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Randall & Quilter Investment Holdings Ltd.
b)	Legal Entity Identifier	2138006K1U38QCGLFC94
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	2p ordinary shares of the Company BMG7371X1065
b)	Nature of the transaction	Sale of 2p ordinary shares in the Company
c)	Currency	GBP
d)	Price(s) and volume(s)	Price	Volume
		147 pence	1,400,000 2p ordinary shares
e)	Aggregated information - Aggregated volume - Price - Aggregated total	1,400,000 2p ordinary shares 147 pence per 2p ordinary share £2,058,000.00
f)	Date of the transaction	29 June 2017
g)	Place of the transaction	London Stock Exchange (XLON)

Ends

Enquiries to:

Randall & Quilter Investment Holdings Ltd. www.rqih.com Tom Booth Tel: [phone] Numis Securities Limited Stuart Skinner (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]

Notes to Editors:

About R&Q

Randall & Quilter pursues a buy and build strategy and has created a comprehensive range of investment activities and services in the global non-life insurance market.

R&Q is focused on the following three areas:

·   Insurance Investments

·   Insurance Services

·   Underwriting Management

The Group:

·   provides a range of services to both the live and legacy (re)insurance markets to support growing businesses and address complex and challenging run-off issues;

·   employs over 400 insurance professionals based in the UK, US, Bermuda, and Europe with wide service capability in both the 'live' and 'run-off' markets;

·   owns and manages a portfolio of insurance companies, both active and in run-off, in the UK, US and Europe with net assets of £161m as at 31 December 2016;

·   owns an admitted P&C Insurer, A- rated by AM Best, with licenses throughout the US; owns a Bermuda Class 3A insurance company;

·   launched Syndicate 1991, which commenced underwriting from January 1, 2013 and has an agreed capacity of £127m for 2017, manages one RITC ('run-off') syndicate, 3330, and owns and operates an MGA platform;

·   acquires and manages a portfolio of insurance receivables, with a carrying cost of £5.6m as at 31 December 2016

The Group was founded by Ken Randall and Alan Quilter in 1991.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

 

END

 

 

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