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7 May 2019 10:58
Randall & Quilter Investment Holdings Ltd.
("R&Q", the "Group" or the "Company")
Directors' Shareholding/Total Voting Rights
7 May 2019
The Company has been notified that on 3 May 2019 Kenneth Randall, Chairman and Chief Executive Officer of the Company, sold 3,000,000 of his holding of ordinary shares in the Company. Mr Randall continues to hold 11,428,186 ordinary shares which represents 5.83% of the Company's issued share capital. Mr Randall's close family members hold a further 1,569,785 ordinary shares in the Company.
The notifications 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 | Chairman, 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 | Ordinary shares of 2 pence each of the Company
BMG7371X1065 | |
b) | Nature of the transaction | Sale of ordinary shares of 2 pence each of the Company by a PDMR | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price | Volume |
186 pence | 3,000,000 ordinary shares | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
3,000,000 ordinary shares 186p per share £5,580,000 | |
f) | Date of the transaction | 3 May 2019 | |
g) | Place of the transaction | London Stock Exchange (LSE) | |
Notification of Major Interest in Shares
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Randall & Quilter Investment Holdings Ltd. | |||||
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 obligationiv | ||||||
Name | Kenneth Randall | |||||
City and country of registered office (if applicable) | ||||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | ||||||
City and country of registered office (if applicable) | ||||||
5. Date on which the threshold was crossed or reachedvi: | 03/05/2019 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 03/05/2019 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
% 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 of issuervii | |||
Resulting situation on the date on which threshold was crossed or reached | 5.83 | 5.83 | 11,428,186 | |||
Position of previous notification (if applicable) | 7.37 | 7.37 | 14,428,186 | |||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
BMG7371X1065 | 11,428,186 | 5.83 | |||||||
SUBTOTAL 8. A | 11,428,186 | 5.83 | |||||||
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
SUBTOTAL 8. B 1 | |||||||||
| |||||||||
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
SUBTOTAL 8.B.2 | |||||||||
| |||||||||
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) issuerxiii | X | |||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | ||||
Namexv | % 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 | |
10. In case of proxy voting, please identify: | ||||
Name of the proxy holder | N/A | |||
The number and % of voting rights held | N/A | |||
The date until which the voting rights will be held | N/A | |||
11. Additional informationxvi | ||||
Place of completion | London Stock Exchange |
Date of completion | 3 May 2019 |
-Ends-
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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
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