Last checked at 18 Feb 2013 07:00
Director Dealings
18 February 2013
The Group has been notified that on 15 February 2013 Alan Quilter, Group Chief Operating Officer, sold 300,000 ordinary shares in the Group at a price of 122 pence per share.
Following this transaction Mr Quilter holds 4,046,456 ordinary shares, which represents 8.14% per cent of the Group's issued share capital (excluding shares held by the Employee Benefit Trust (the "EBT") which has waived its voting rights).
- Ends -
Notes to Editors:
Enquiries to:
Randall & Quilter Investment Holdings PLC www.rqih.com
Tom Booth Tel: 020 7780 5850
Numis Securities Limited
Stuart Skinner (Nominated Adviser) Tel: 020 7260 1000
Charles Farquhar (Broker) Tel: 020 7260 1000
R&Q
Since formation, Randall & Quilter has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following three core areas:
- Insurance Investments;
- Underwriting Management;
- Insurance Services & Captive Management
The Group currently:
- has a team of up to 400 insurance professionals based in the UK, USA, Bermuda, and Continental Europe with wide service capability in both the 'live' and 'run-off' market;
- has a portfolio of 11 insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£85.9m as at 30 June 2012;
- has launched Syndicate 1991 which commenced underwriting from January 1, 2013 with a Capacity of £77m for 2013, provides 'turnkey' management services to Lloyd's syndicate 1897, manages two RITC ('run-off') syndicates and owns and operates 3 MGAs;
- acquires and manages a portfolio of insurance receivables, with a carrying cost of c.£8.1m as at 30 June 2012;
The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer.