TR-1: Notification of major holdings

R&Q Insurance Holdings Ltd

21 December 2023

 

TR-1: Standard form for notification of major holdings

ISIN

BMG7371X1065

Issuer Name

R&Q INSURANCE HOLDINGS LTD

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Scopia Capital Management LLC

City of registered office (if applicable)

Country of registered office (if applicable)

US

Name	City of registered office	Country of registered office
Scopia Management, Inc.	New York, New York	United States
Scopia Capital Management LP	Wilmington, Delaware	United States

4. Details of the shareholder

Name	City of registered office	Country of registered office
Goldman Sachs & Co.	New York, New York	United States
Morgan Stanley & Co., LLC	New York, New York	United States

5. Date on which the threshold was crossed or reached

19-Dec-2023

6. Date on which Issuer notified

20-Dec-2023

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	7.720000	0.460000	8.180000	30534324
Position of previous notification (if applicable)	9.290000	0.460000	9.750000

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
BMG7371X1065		28834324		7.720000
Sub Total 8.A	28834324		7.720000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
SWAP	11/08/2025	Swap may be terminated at any time up to Expiration Date	1700000	0.460000
Sub Total 8.B1			1700000	0.460000%

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Scopia Management, Inc		7.720000	0.460000	8.180000%
Scopia Capital Management LP		7.720000	0.460000	8.180000%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

20-Dec-2023

13. Place Of Completion

New York, NY United States

 

END