Source - LSE Regulatory
RNS Number : 1387Y
Helios Underwriting Plc
11 May 2021
 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i

 

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:

Helios Underwriting PLC

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer

 

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

x

An acquisition or disposal of financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify) iii:

 

3. Details of person subject to the notification obligation iv

Name

ILS Capital Management Ltd.

City and country of registered office (if applicable)

Bermuda

4. Full name of shareholder(s) (if different from 3.)

Name

1.   The 1609 Fund Ltd.

2.   Prospero Re Ltd

3.   Unique Insurance Company

4.   Stonegate Insurance Company

5.   Viva Seguros Insurance Company

6.   Producer's National Corporation

 

City and country of registered office (if applicable)

Bermuda

5. Date on which the threshold was crossed or reached vi:

9 April 2021

10 May 2021

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer (8.A + 8.B) vii

Resulting situation on the date on which threshold was crossed or reached

1.   7.54%

2.   5.90%

3.   3.03%

4.   0.84%

5.   0.40%

6.   1.48%

 

1.   7.54%

2.   5.90%

3.   3.03%

4.   0.84%

5.   0.40%

6.   1.48%

1.   5,110,000

2.   4,000,000

3.   2,050,000

4.   570,000

5.   270,000

6.   1,000,000

 

Position of previous notification (if

applicable)

N/A

N/A

N/A

 

             

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii

ISIN code (if possible)

Number of voting rights ix

Direct

(DTR5.1)

Indirect

 (DTR5.2.1)

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

GB00B23XLS45

1.   5,110,000

2.   4,000,000

3.   2,050,000

4.   570,000

5.   270,000

6.   1,000,000

 

 

1.   7.54%

2.   5.90%

3.   3.03%

4.   0.84%

      5.  10.40%

            6.  1.48%

 

 

 

 

 

 

 

 

 

 

 

13,000,000

19.19%

 

 

Expiration
date
x

Exercise/
Conversion Period
xi

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expiration
date
x

Exercise/
Conversion Period
xi

Settlement xii

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                   

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii

 

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)
xiv

X

Name xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

ILS Capital Management Ltd.

19.19%

 

13,000,000

Held via:

 

 

 

The 1609 Fund Ltd.

7.54%

 

5,110,000

Prospero Re Ltd

5.90%

 

4,000,000

Unique Insurance Company

3.03%

 

2,050,000

Stonegate Insurance Company

0.84%

 

570,000

Viva Seguros Insurance Company

0.40%

 

270,000

Producer's National Corporation

1.48%

 

1,000,000

10. In case of proxy voting, please identify:

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

 

11. Additional information xvi

 

         

 

USA

10 May 2021

 

 

 

 

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