Last checked at 25 Jul 2018 07:00
Helios Underwriting plc
("Helios" or the "Company")
Transaction in Own Shares
and
Total Voting Rights
Helios announces that on 24 July 2018 it purchased a total of 50,000 ordinary shares of 10 pence each in the Company ("ordinary shares") at a price of 125 pence per ordinary share. The repurchased shares will be held in treasury.
This purchase forms part of the Company's share buyback programme, first announced on 25 May 2018, with the objective of enhancing net asset value per share.
Following settlement of the above transaction, the Company's total number of ordinary shares in issue shall be 15,030,240 ordinary shares (excluding shares held in treasury), each carrying voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company will also hold 74,000 ordinary shares in treasury, which do not carry voting rights.
For further information please contact:
Helios Underwriting plc
Nigel Hanbury - Chief Executive 020 7863 6655/ nigel.hanbury@huwplc.com
Arthur Manners - Chief Financial Officer 07754 965 917
Stockdale Securities Limited
Robert Finlay/David Coaten 020 7601 6100
About Helios
Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately £41m of capacity for the 2018 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.