Helios Underwriting Plc Transaction in Own Shares and Total Voting Rights (3092N)
17 January 2019 - 6:00PM
UK Regulatory
TIDMHUW
RNS Number : 3092N
Helios Underwriting Plc
17 January 2019
Helios Underwriting plc
("Helios" or the "Company")
Transaction in Own Shares
and
Total Voting Rights
Helios announces that on 16 January 2019 it purchased a total of
12,500 ordinary shares of 10 pence each in the Company ("ordinary
shares") at a price of 141 pence per ordinary share. The
repurchased shares will be held in treasury.
This purchase forms part of the Company's share buyback
programme, first announced on 25 May 2018, with the objective of
enhancing net asset value per share.
Following settlement of the above transaction, the Company's
total number of ordinary shares in issue shall be 14,898,462
ordinary shares (excluding shares held in treasury), each carrying
voting rights. This figure 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. The Company will also hold 205,778 ordinary
shares in treasury, which do not carry voting rights.
For further information please contact:
Helios Underwriting plc
Nigel Hanbury - Chief Executive 07787 530 404 /
nigel.hanbury@huwplc.com
Arthur Manners - Chief Financial Officer 07754 965 917
Stockdale Securities Limited
Robert Finlay/David Coaten 020 7601 6100
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 GBP53m of capacity
for the 2018 account. The portfolio provides a good spread of
business being concentrated in property insurance and reinsurance.
For further information please visit www.huwplc.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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