16 Jun 2023 07:00
16 June 2023
Helios Underwriting plc
("Helios" or the "Company")
Scrip Dividend Reference Price
Helios, the investment vehicle which builds shareholder value through exposure to Lloyd's, announces that the scrip dividend reference price for the fully paid ordinary shares to be issued to shareholders electing to receive the scrip dividend alternative for the total dividend of 3.0p per share for the year ended 31 December 2022 will be 175p per share.
The scrip reference price is calculated as the average of the Company's closing middle market share price for the five consecutive dealing days commencing on the ex-dividend date of 8 June 2023.
The timetable for the proposed scrip dividend, which remains subject to approval at the Company's Annual General Meeting to be held on 29 June 2023, is as follows:
30 June 2023 | Final date for receipt of Scrip Dividend Mandate Election forms and CREST Dividend Election Input Messages |
14 July 2023 | Allotment of New Shares to Certificated and CREST Shareholders and admission for trading |
For further information, please contact:
Helios Underwriting plc
Martin Reith - CEO +44 (0)7720 292 505
Nigel Hanbury - Executive Deputy Chairman +44 (0)7787 530 404
Arthur Manners - Chief Financial Officer +44 (0)7754 965 917
Numis (Nomad and Broker)
Giles Rolls / Charles Farquhar +44 (0)20 7260 1000
Buchanan (PR)
Helen Tarbet / George Beale +44 (0)7872 604 453
+44 (0)20 7466 5111
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 £297m of capacity for the 2023 account. The portfolio provides a good spread of business being concentrated in property & casualty insurance and reinsurance. For further information please visit www.huwplc.com.
Helios Underw (HUW)