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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.075 | 1.75 | 1.85 | 1,050,110 | 09:57:38 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Title Insurance | 82.8M | -297M | -0.7929 | -0.03 | 7.75M |
TIDMRQIH
RNS Number : 0017D
Randall & Quilter Inv Hldgs Ltd
05 October 2018
Randall & Quilter Investment Holdings Ltd.
Notice of General Meeting and Proposed Return of Capital to Shareholders of 3.6 pence per Ordinary Share and Reduction of Capital
5 October 2018
Following the announcement of the Group's interim results on 19 September 2018, the Board of Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) ("Company"), the Bermuda based global program underwriting management and legacy acquisitions specialist, is pleased to confirm that a notice of general meeting incorporating a circular which sets out details in relation to a proposed return of capital to the Company's shareholders ("Return of Capital") and convening the general meeting of the Company to be held at 11:00 a.m. on 30 October 2018 at 71 Fenchurch Street, Ground Floor, London EC3M 4BS ("General Meeting"), has been posted to the Company's shareholders today ("Circular").
The Return of Capital involves the creation and capitalization of the AA Shares from monies standing to the credit of the Company's share premium account and the Reduction of Capital. To effect the Return of Capital:
-- Shareholders will be issued one AA Share for each Ordinary Share held by them at 6.00 p.m. on 30 October 2018, being the Record Time.
-- On or around 31 October 2018, the AA Shares will be cancelled pursuant to the Reduction of Capital and holders of the AA Shares will be paid the capital paid up on the AA Shares (being 3.6 pence per AA Share).
-- Payments in respect of the Return of Capital are expected to be made on or around 7 November 2018.
The Return of Capital (including the creation and capitalization of the AA Shares and the Reduction of Capital) is subject to the approval of the Shareholders at the General Meeting.
A copy of the Circular, containing more information in relation to the Return of Capital and Reduction of Capital, and the Company's interim results, are available on the Company's website at www.rqih.com
Terms defined in the Circular have the same meaning when used in this announcement.
Ends
Enquiries to:
Randall & Quilter Investment Holdings www.rqih.com Ltd. Ken Randall Tel: 020 7780 5945 Numis Securities Limited (Nominated Adviser) Stuart Skinner Tel: 020 7260 1000 Charles Farquhar Tel: 020 7260 1000 Shore Capital Stockbrokers Limited Dru Danford / Stephane Auton Tel: 020 7408 4090 FTI Consulting Edward Berry/Tom Blackwell Tel: 020 3727 1046
Notes to Editors:
About R&Q
The overall mission of the Bermuda based Group is to:
-- generate profits and capital extractions from expert management of legacy non-life insurance acquisitions/ reinsurances, including in Lloyd's; and
-- grow commission income from its licensed (and rated) carriers in the US and EU/UK, writing niche and profitable programme business, largely on behalf of highly rated reinsurers.
Our aim is to continue to grow sustainable profit streams to support our business model and increase book value and cash distributions to shareholders.
The Group was founded by Ken Randall and Alan Quilter in 1991.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
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 rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
October 05, 2018 02:00 ET (06:00 GMT)
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