Randall & Quilter Inv Hldgs Ltd PDMR Shareholding (1482D)

TIDMRQIH

RNS Number : 1482D

Randall & Quilter Inv Hldgs Ltd

08 October 2018

Randall & Quilter Investment Holdings Ltd.

("R&Q", the "Group" or the "Company")

PDMR Shareholding/Total Voting Rights

Allotment of Shares

8 October 2018

The Company has issued a total of 83,905 new ordinary shares of 2 pence each to Todd Campbell, Chief Executive Officer and President of Accredited (US) in accordance with his service contract. In addition, the Company has issued 9,661 new ordinary shares to an employee, also in accordance with their service contract.

Application has been made to the London Stock Exchange for the admission of the 93,566 new ordinary shares to trading on AIM. Admission of the new shares is expected to take place at 8.00am on 9 October 2018.

As a result of this transaction the total issued share capital will therefore increase to 125,984,280[ ordinary shares of 2 pence each. There are no shares held in Treasury and the total voting rights will therefore be 125,984,280

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                                  Todd Campbell 
     ------------------------------------  ---------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status                       Chief Executive Officer, Accredited 
     ------------------------------------  ---------------------------------------- 
 b)   Initial notification                  Initial notification 
       /Amendment 
     ------------------------------------  ---------------------------------------- 
 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          Ordinary shares of 2 pence each of 
       instrument, type of instrument        the Company 
 
       Identification code 
                                             BMG7371X1065 
     ------------------------------------  ---------------------------------------- 
 b)   Nature of the transaction             Acquisition of ordinary shares of 
                                             2 pence each of the Company 
     ------------------------------------  ---------------------------------------- 
 c)   Currency                              GBP 
     ------------------------------------  ---------------------------------------- 
 d)   Price(s) and volume(s)                Price       Volume 
     ------------------------------------  ----------  ---------------------------- 
                                            2 pence     83,905 ordinary shares 
     ------------------------------------  ----------  ---------------------------- 
 e)   Aggregated information 
       - Aggregated volume                    83,905 ordinary shares 
       - Price                                2p per share 
       - Aggregated total                     GBP1,678.10 
     ------------------------------------  ---------------------------------------- 
 f)   Date of the transaction               4 October 2018 
     ------------------------------------  ---------------------------------------- 
 g)   Place of the transaction              London Stock Exchange (LSE) 
     ------------------------------------  ---------------------------------------- 
 

-Ends-

 
  Randall & Quilter Investment Holdings 
    Ltd. 
   Ken Randall                             Tel: [phone] 
 
    Numis Securities Limited (Nominated Adviser) 
   Stuart Skinner                          Tel: [phone] 
   Charles Farquhar                        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

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 [e-mail] or visit www.rns.com.

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October 08, 2018 02:00 ET (06:00 GMT)