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RQIH R&q Insurance Holdings Ltd

2.51
-0.515 (-17.02%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
R&q Insurance Holdings Ltd LSE:RQIH London Ordinary Share BMG7371X1065 ORD 2P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.515 -17.02% 2.51 2.02 3.00 3.00 2.00 3.00 11,667,228 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Title Insurance 82.8M -297M -0.7929 -0.03 8.99M

R&Q Insurance Holdings Ltd TR-1: Notification of major holdings (8703R)

03/03/2023 12:16pm

UK Regulatory


TIDMRQIH

RNS Number : 8703R

R&Q Insurance Holdings Ltd

03 March 2023

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) (i) 
 
 1a. Identity of the issuer or the                                     R&Q Insurance Holdings Ltd 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                             --------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                      ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                            X 
                                                                                                      ---- 
 An acquisition or disposal of financial instruments 
                                                                                                      ---- 
 An event changing the breakdown of voting rights 
                                                                                                      ---- 
 Other (please specify) (iii) : 
                                                                                                      ---- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                         Scopia Capital Management LP 
                                                               Scopia Management, Inc. 
 City and country of registered office                        Wilmington, Delaware, United States 
  (if applicable)                                              (Scopia 
                                                               Capital Management LP) 
                                                               New York, New York, United States 
                                                               (Scopia 
                                                               Management, Inc.) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                         Goldman Sachs & Co. 
                                                               Morgan Stanley & Co., LLC 
                                                             --------------------------------------------- 
 City and country of registered office                        Wilmington, Delaware, United States 
  (if applicable) 
                                                             --------------------------------------------- 
 5. Date on which the threshold was                           01 March 2023 
  crossed or reached (vi) : 
                                                             --------------------------------------------- 
 6. Date on which issuer notified                             03 March 2023 
  (DD/MM/YYYY): 
                                                             --------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights    Total of both    Total number 
                            rights attached      through financial      in % (8.A +     of voting rights 
                            to shares (total        instruments            8.B)         held in issuer 
                                of 8. A)           (total of 8.B                        (8.A + 8.B) 
                                                    1 + 8.B 2)                          (vii) 
                          ------------------  ---------------------  ---------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               8.01%               Not Applicable         8.01%            30,000,000 
                          ------------------  ---------------------  ---------------  -------------------- 
 Position of               Not Applicable      Not Applicable         Not Applicable 
  previous notification 
  (if 
  applicable) 
                          ------------------  ---------------------  ---------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of             Number of voting rights                       % of voting rights 
  shares                    (ix) 
  ISIN code (if 
  possible) 
                                  Direct                Indirect               Direct             Indirect 
                                 (DTR5.1)              (DTR5.2.1)              (DTR5.1)           (DTR5.2.1) 
                                                 --------------------- 
 BMG7371X1065                                     30,000,000                                   8.01% 
                          ---------------------  ---------------------  --------------------  ---------------- 
 
 
 SUBTOTAL 8. 
  A                                        30,000,000                                    8.01% 
                          --------------------------------------------  -------------------------------------- 
 
 B 1: Financial Instruments according to DTR5.3.1R (1) (a) 
 Type of financial         Expiration   Exercise/                  Number of voting            % of voting 
  instrument                date         Conversion Period          rights that may             rights 
                            (x)          (xi)                       be acquired if 
                                                                    the instrument 
                                                                    is 
                                                                    exercised/converted. 
                          -----------  -------------------------  --------------------------  ---------------- 
 Not Applicable 
                          -----------  -------------------------  --------------------------  ---------------- 
 
 
                                        SUBTOTAL 8. B 
                                         1 
                                       -------------------------  --------------------------  ---------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  DTR5.3.1R (1) (b) 
 Type of financial    Expiration        Exercise/         Physical           Number of         % of voting 
  instrument           date (x)          Conversion        or cash            voting rights     rights 
                                         Period (xi)       Settlement 
                                                           (xii) 
                     ----------------  ----------------  -----------------  ---------------- 
 Not Applicable 
                          -----------  ----------------  -----------------  ---------------- 
 
 
                                                          SUBTOTAL 
                                                           8.B.2 
                                                         -----------------  ---------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights                     X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (please add additional 
  rows as necessary) (xiv) 
      Name (xv)         % of voting rights      % of voting rights       Total of both if 
                          if it equals or        through financial        it equals or is 
                         is higher than the      instruments if it        higher than the 
                        notifiable threshold    equals or is higher     notifiable threshold 
                                                than the notifiable 
                                                     threshold 
                      ----------------------  ---------------------  ------------------------ 
 Scopia Management, 
  Inc.                 8.01%                   Not Applicable         8.01% 
                      ----------------------  ---------------------  ------------------------ 
 Scopia Capital 
  Management LP        8.01%                   Not Applicable         8.01% 
                      ----------------------  ---------------------  ------------------------ 
 
 
 
 
 10. In case of proxy voting, please identify: 
 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 (xvi) 
 
 
 
 
 Place of completion   New York, NY, United States 
 Date of completion    3 March 2023 
                      ---------------------------- 
 
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END

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March 03, 2023 07:16 ET (12:16 GMT)

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