Share Name Share Symbol Market Type Share ISIN Share Description
Helios Underwriting Plc LSE:HUW London Ordinary Share GB00B23XLS45 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 170.00 160.00 175.00 0.00 07:31:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 47.6 4.3 25.6 6.6 115

Helios Underwriting Plc Result of GM, TVR and Directors' Participations

26/11/2020 3:40pm

UK Regulatory (RNS & others)

Helios Underwriting (LSE:HUW)
Historical Stock Chart

From Oct 2020 to Apr 2021

Click Here for more Helios Underwriting Charts.


RNS Number : 6765G

Helios Underwriting Plc

26 November 2020

26 November 2020

Helios Underwriting plc

("Helios" or the "Company")

Result of General Meeting

Transaction in Own Shares

Total Voting Rights


Directors' Participation

Result of General Meeting

Further to the Company's announcements of 2 November 2020 and 24 November 2020 (the "Announcements"), Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's, announces that all Resolutions put to Shareholders at the General Meeting held earlier today were duly passed.

Application has therefore been made for, in aggregate, 15,540,439 New Ordinary Shares to be admitted to trading on AIM comprising 6,372,850 Placing Shares, 3,125,000 Subscription Shares, 5,789,746 Consideration Shares and 252,843 of the Open Offer Shares for which valid applications were received under the Open Offer. Admission is expected to occur at 8.00 am on 27 November 2020.

Transaction in Own Shares

Following the Company's acquisition of N. J. Hanbury Limited ("NJH"), the 6,291 Ordinary Shares that were owned by NJH have been transferred to treasury for no consideration.

Total Voting Rights

Following Admission and transfer of the above 6,291 Ordinary Shares to treasury, the Company will have 33,512,176 Ordinary Shares in issue admitted to trading on AIM (excluding the 419,169 Ordinary Shares held in treasury and which do not carry voting rights). This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Directors' Participation

The Directors' resulting shareholdings immediately following Admission are detailed below:

                                                                                                           % of issued 
                                                       Ordinary                             Shareholding         share 
                                         % of issued     Shares                      Open    immediately       capital 
                               Current         share       sold   Consideration     Offer      following     following 
 Director                 shareholding       capital     by NJH          Shares    Shares      Admission     Admission 
 Nigel Hanbury*              4,327,640        24.10%     -6,291       4,905,945         -      9,227,294        27.53% 
 Arthur Manners**              362,292         2.00%          -         547,576         -        909,868         2.72% 
  Fitzalan-Howard              372,864         2.10%          -               -         -        372,864         1.11% 
 Michael Cunningham             78,698         0.40%          -               -     6,053         84,751         0.25% 
 Jeremy Evans                   66,483         0.40%          -               -         -         66,483         0.20% 
 Andrew Christie                31,096         0.20%          -               -     2,392         33,488         0.10% 

* 300,000 of Nigel Hanbury's shares are jointly owned in accordance with the Company's Joint Share Ownership Plan, as detailed in the announcement made by the Company on 14 December 2017. Includes members of his family.

** 200,000 of Arthur Manner's shares are jointly owned in accordance with the Company's Joint Share Ownership Plan, as detailed in the announcement made by the Company on 14 December 2017. Includes members of his family.

This announcement should be read in conjunction with the Announcements and the full text of the Company's circular dated 2 November 2020 ("Circular"), copies of which are available on the Company's website at Capitalised terms in this announcement have the same meaning as given in the Circular.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

For further information, please contact:

Helios Underwriting plc

   Nigel Hanbury - Chief Executive                                               +44 (0)7787 530 404 / 
   Arthur Manners - Chief Financial Officer                               +44 (0)7754 965 917 

Shore Capital (Nomad and Broker)

Robert Finlay +44 (0)20 7408 4080

David Coaten

Henry Willcocks

Willis Re Securities (Financial Adviser)

Alastair Rodger +44 (0)20 3124 6033 /

Quentin Perrot +44 (0)20 3124 6499 /


   Helen Tarbet / Henry Wilson / George Beale                      +44 (0)7872 604 453 

+44 (0) 20 7466 5111

About Helios

Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately GBP70m of capacity for the 2020 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.



(END) Dow Jones Newswires

November 26, 2020 10:40 ET (15:40 GMT)

1 Year Helios Underwriting Chart

1 Year Helios Underwriting Chart

1 Month Helios Underwriting Chart

1 Month Helios Underwriting Chart
ADVFN Advertorial
Your Recent History
Helios Und..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210421 07:08:34