Randall & Quilter Inv Hldgs Ltd Directors' Shareholding/Total Voting Rights (6695Z)

TIDMRQIH

RNS Number : 6695Z

Randall & Quilter Inv Hldgs Ltd

21 May 2019

Randall & Quilter Investment Holdings Ltd.

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

Directors' Shareholding/Total Voting Rights

21 May 2019

The Company has been notified that on 20 May 2019 Alan Quilter, Group Deputy Chairman and Chief Financial Officer of the Company, sold 500,000 of his holding of ordinary shares in the Company. Mr Quilter continues to hold 3,329,088 ordinary shares which represents 1.73% of the Company's issued share capital. Mr Quilter's close family members hold a further 254,427 ordinary shares in the Company.

The notifications 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                                Alan Quilter 
     ----------------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                     Group Deputy Chairman, Chief Financial 
                                           Officer 
     ----------------------------------  ----------------------------------------- 
 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           Sale of ordinary shares of 2 pence 
                                           each of the Company by a PDMR 
     ----------------------------------  ----------------------------------------- 
 c)   Currency                            GBP 
     ----------------------------------  ----------------------------------------- 
 d)   Price(s) and volume(s)              Price         Volume 
     ----------------------------------  ------------  --------------------------- 
                                          188 pence     500,000 ordinary shares 
     ----------------------------------  ------------  --------------------------- 
 e)   Aggregated information 
       - Aggregated volume                  500,000 ordinary shares 
       - Price                              188p per share 
       - Aggregated total                   GBP940,000 
     ----------------------------------  ----------------------------------------- 
 f)   Date of the transaction             20 May 2019 
     ----------------------------------  ----------------------------------------- 
 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 
   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 program 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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May 21, 2019 02:50 ET (06:50 GMT)