Last checked at 12 Jan 2023 07:00
R&Q Insurance Holdings Ltd
("R&Q" or the "Company")
PDMR/Director Shareholding and Total Voting Rights
R&Q announces that the 5,178,524 restricted ordinary shares of 2p each ("Ordinary Shares") awarded to William Spiegel in January 2020 in accordance with his renumeration package, together with 235,387 Ordinary Shares, issued as part of the Company's bonus share distribution of 1 share for every 22 held in July 2020, vested on 10 January 2023. To fund tax liabilities arising from the vesting William Spiegel has sold 2,822,371 Ordinary Shares which, in accordance with the share award agreement, have been purchased by the Company to be held in Treasury.
Director Dealing
Name of Director | Total Restricted Ordinary Shares Vested | Total Ordinary Shares Sold | Total Ordinary Shares Retained | Total R&Q Ordinary Shares now held | % of voting rights |
William Spiegel | 5,413,911 | 2,822,371 | 2,591,540 | 2,746,207 | 0.73% |
Total Voting Rights
As a result of this transaction the total issued share capital will remain 377,395,235 Ordinary Shares. Of which 2,822,371 Ordinary Shares are now held in Treasury. Therefore, the total number of voting rights will be 374,572,864 and 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.
Enquiries to:
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Notes to Editors:
About R&Q
R&Q is a global non-life specialty insurance company. We operate two core, highly complementary, businesses: Program Management and Legacy Insurance. Both these businesses are leaders in their respective markets.
Our approach is to deploy our origination and underwriting capabilities, alongside our licensed and rated carriers in the US, EU and the UK, to generate attractive fee returns in Program Management and Legacy Insurance.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibility / person closely associated
| |
a) |
Name |
William Spiegel |
2 | Reason for the notification | |
a) |
Position/status |
PDMR (Executive Director) |
b) |
Initial notification/amendment |
Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) |
Name |
R&Q Insurance Holdings Ltd |
b) |
LEI |
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 |
Ordinary shares of 2 pence each of the Company | |
Identification code |
Ordinary share ISIN: BMG7371X1065 | ||
b) |
Nature of transaction | 1. Vesting of 5,413,911 restricted ordinary shares 2.Sale of 2,822,371 ordinary shares | |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
1 Nil | 5,413,911 Ordinary Shares nil consideration | ||
2 £0.678
|
Sale of 2,822,371 shares for a total consideration of £1,913,567.24 | ||
d) |
Aggregated information | ||
Aggregated volume | As above | ||
Price |
As above | ||
e) |
Date of transaction |
10 January 2023 | |
f) |
Place of transaction |
Outside of trading location | |