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RQIH R&q Insurance Holdings Ltd

2.21
-0.30 (-11.95%)
26 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
  -0.30 -11.95% 2.21 2.15 2.27 2.26 2.26 2.26 2,967,542 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Title Insurance 82.8M -297M -0.7929 -0.03 8.47M

Randall & Quilter Inv Hldgs Ltd Share Repurchase Programme (1791G)

16/03/2020 7:00am

UK Regulatory


R&q Insurance (LSE:RQIH)
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From Apr 2019 to Apr 2024

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TIDMRQIH

RNS Number : 1791G

Randall & Quilter Inv Hldgs Ltd

16 March 2020

16 March 2020

Randall & Quilter Investment Holdings Ltd.

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

Share Repurchase Programme

Randall and Quilter Investment Holdings Ltd. (the "Group" or "Company") announces that from today until 27 April 2020 it will commence a programme to purchase up to GBP2 million of the Company's ordinary shares of 2 pence each (the "Ordinary Shares") (the "Programme").

The Programme will be funded by the Company's cash reserves. Any shares repurchased by the Company will be held in treasury.

The Programme will be conducted by the Company in accordance with the Bermuda Companies Act 1981 and has been authorised by the Board.

In compliance with the Market Abuse Regulation 596/2014 (the "Market Abuse Regulation"), the Company has entered into an irrevocable and non-discretionary agreement with Numis Securities Ltd to complete the Programme.

Any share repurchases under the Programme will be effected within certain pre-set parameters, and in accordance with the Market Abuse Regulation and the Commission Delegated Regulation (EU) 2016/1052.

The Programme will be conducted by Numis Securities Ltd.

Enquiries to:

 
 Randall & Quilter Investment Holdings 
   Ltd. 
  Ken Randall                             Tel: + 44 (0) 207 
                                           780 5945 
 
   Numis Securities Limited (Nominated Adviser) 
  Stuart Skinner                          Tel: +44 (0) 207 260 
                                           1000 
  Charles Farquhar                        Tel: +44 (0) 207 260 
                                           1000 
 
   Shore Capital Stockbrokers Limited 
  Stephane Auton/James Thomas             Tel: +44 (0) 207 408 
                                           4090 
  FTI Consulting 
   Edward Berry/Tom Blackwell              Tel: +44 (0) 203 727 
                                           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 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 rns@lseg.com or visit www.rns.com.

END

MSCBRGDXSUBDGGX

(END) Dow Jones Newswires

March 16, 2020 03:00 ET (07:00 GMT)

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