Source - RNS
RNS Number : 6192J
Randall & Quilter Inv Hldgs Ltd
29 June 2017
 

 

 

 

The issuer advises that the following replaces the 'Director/PDMR Shareholding' announcement released on 29.06.17 at 11.21am under RNS number 5842J. The announcement should have included the PDMR dealing notification form, as disclosed below. All other details remain unchanged. The full amended text appears below.

 

Randall & Quilter Investment Holdings Ltd.

(the "Company")

 

PDMR Share Dealings - Replacement

29 June 2017

The Company has been notified of the following transactions:

On 29 June 2017 Kenneth Randall, the Company's Group Chairman and Chief Executive Officer, sold 3,631,012 of his holding of 2p ordinary shares in the Company at the rate of GBP 147p per share. Mr Randall now holds 12,510,682 ordinary shares which represents14.31% of the Company's issued share capital.

On 29 June 2017 Alan Quilter, the Company's Deputy Group Chief Executive Officer and Group Chief Operating Officer, sold 1,400,000 of his holding of 2p ordinary shares in the Company at the rate of GBP 147p per share. Mr Quilter now holds 3,266,456 ordinary shares which represents 3.74% of the Company's issued share capital.

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

Kenneth Randall

2

Reason for the notification

a)

Position/status

Group Chairman and Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

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 instrument, type of instrument

 

Identification code

2p ordinary shares of the Company

 

 

BMG7371X1065

b)

Nature of the transaction

Sale of 2p ordinary shares in the Company

c)

Currency

GBP

d)

Price(s) and volume(s)

Price

Volume

147 pence

3,631,0122p ordinary shares

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

 

3,631,0122p ordinary shares

147 pence per 2p ordinary share

£5,337,587.64

f)

Date of the transaction

29 June 2017

g)

Place of the transaction

London Stock Exchange (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alan Quilter

2

Reason for the notification

a)

Position/status

Deputy Group Chief Executive Officer and Group Chief Operating Officer

b)

Initial notification /Amendment

Initial notification

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 instrument, type of instrument

 

Identification code

2p ordinary shares of the Company

 

 

BMG7371X1065

b)

Nature of the transaction

Sale of 2p ordinary shares in the Company

c)

Currency

GBP

d)

Price(s) and volume(s)

Price

Volume

147 pence

1,400,000 2p ordinary shares

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

 

1,400,000 2p ordinary shares

147 pence per 2p ordinary share

£2,058,000.00

f)

Date of the transaction

29 June 2017

g)

Place of the transaction

London Stock Exchange (XLON)

 

 

Ends

 

 

Enquiries to:

 

Randall & Quilter Investment Holdings Ltd.

www.rqih.com

Tom Booth

Tel: +1 441 247 8330

 

Numis Securities Limited

Stuart Skinner (Nominated Adviser)

Tel: 020 7260 1000

Charles Farquhar (Broker)

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

 

Randall & Quilter pursues a buy and build strategy and has created a comprehensive range of investment activities and services in the global non-life insurance market.

 

R&Q is focused on the following three areas:

 

·   Insurance Investments

·   Insurance Services

·   Underwriting Management

 

The Group:

 

·   provides a range of services to both the live and legacy (re)insurance markets to support growing businesses and address complex and challenging run-off issues;

 

·   employs over 400 insurance professionals based in the UK, US, Bermuda, and Europe with wide service capability in both the 'live' and 'run-off' markets;

 

·   owns and manages a portfolio of insurance companies, both active and in run-off, in the UK, US and Europe with net assets of £161m as at 31 December 2016;

 

·   owns an admitted P&C Insurer, A- rated by AM Best, with licenses throughout the US; owns a Bermuda Class 3A insurance company;

 

·   launched Syndicate 1991, which commenced underwriting from January 1, 2013 and has an agreed capacity of £127m for 2017, manages one RITC ('run-off') syndicate, 3330, and owns and operates an MGA platform;

 

·   acquires and manages a portfolio of insurance receivables, with a carrying cost of £5.6m as at 31 December 2016

 

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 company news service from the London Stock Exchange
 
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