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Notification of Interest in Shares

29 Mar 2017 10:12

RNS Number : 8752A
Randall & Quilter Inv Hldgs Ltd
29 March 2017
 

 

 

 

Randall & Quilter Investment Holdings Ltd.

 

Notification of Interest in Shares

 

29 March 2017

 

In accordance with AIM Rule 17, Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (the "Company") announces the following relevant change to the holding of a significant shareholder, JO Hambro Capital Management Limited ("JO Hambro").

 

As a result of the completion of the placing which was announced on 28 February, the Company yesterday issued an additional 1,899,879 ordinary shares to JO Hambro at a price of 117p per share. The Company understands that JO Hambro now holds 8,302,643 ordinary shares in the capital of the Company representing 9.5% of the total issued shares of the Company.

 

Ends

 

 

Enquiries to:

Randall & Quilter Investment Holdings Ltd.

Tom Booth

www.rqih.com

+1 441 247 8330

Numis Securities Limited (Bookrunner, Nomad and Joint Broker)

Stuart Skinner (Nominated Adviser)

Charles Farquhar (Broker)

Akshman Ori

Harry Trueman

+44 (0)20 7260 1000

FTI Consulting

Edward Berry

Tom Blackwell

+44 (0)20 3727 1046

 

 

 

 

 

Notes to Editors:

 

About R&Q

 

Randall & Quilter pursues a buy and build strategy and has created a comprehensive range of investment activities and services in the global non-life insurance market.

 

R&Q is focused on the following three core areas:

 

· Insurance Investments

· Insurance Services

· Underwriting Management

 

The Group:

 

· provides a range of services to both the live and legacy (re)insurance markets to support growing businesses and address complex and challenging run-off issues;

 

· employs close to 400 insurance professionals based in the UK, US, Bermuda, and Europe with wide service capability in both the 'live' and 'run-off' markets;

 

· owns and manages a portfolio of insurance companies, both active and in run-off, in the UK, US and Europe with net assets of £123.7m as at 31 December 2015;

 

· owns an admitted P&C Insurer, A- rated by AM Best, with licenses throughout the US; owns a Bermuda Class 3A insurance company which currently supports the Group's syndicate participations;

 

· launched Syndicate 1991, which commenced underwriting from January 1, 2013 and has an agreed capacity of £130m for 2016, manages one RITC ('run-off') syndicate, 3330, and owns and operates an MGA platform;

 

· acquires and manages a portfolio of insurance receivables, with a carrying cost of £6.0m as at 31 December 2015, of which R&Q holds a 50% interest

 

The Group was founded by Ken Randall and Alan Quilter in 1991.

 

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

 

Website: www.rqih.com

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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