Randall & Quilter Inv Hldgs Ltd Share Repurchase Programme (1791G)
16 March 2020 - 6:00PM
UK Regulatory
TIDMRQIH
RNS Number : 1791G
Randall & Quilter Inv Hldgs Ltd
16 March 2020
16 March 2020
Randall & Quilter Investment Holdings Ltd.
("R&Q", "Group" or the "Company")
Share Repurchase Programme
Randall and Quilter Investment Holdings Ltd. (the "Group" or
"Company") announces that from today until 27 April 2020 it will
commence a programme to purchase up to GBP2 million of the
Company's ordinary shares of 2 pence each (the "Ordinary Shares")
(the "Programme").
The Programme will be funded by the Company's cash reserves. Any
shares repurchased by the Company will be held in treasury.
The Programme will be conducted by the Company in accordance
with the Bermuda Companies Act 1981 and has been authorised by the
Board.
In compliance with the Market Abuse Regulation 596/2014 (the
"Market Abuse Regulation"), the Company has entered into an
irrevocable and non-discretionary agreement with Numis Securities
Ltd to complete the Programme.
Any share repurchases under the Programme will be effected
within certain pre-set parameters, and in accordance with the
Market Abuse Regulation and the Commission Delegated Regulation
(EU) 2016/1052.
The Programme will be conducted by Numis Securities Ltd.
Enquiries to:
Randall & Quilter Investment Holdings
Ltd.
Ken Randall Tel: + 44 (0) 207
780 5945
Numis Securities Limited (Nominated Adviser)
Stuart Skinner Tel: +44 (0) 207 260
1000
Charles Farquhar Tel: +44 (0) 207 260
1000
Shore Capital Stockbrokers Limited
Stephane Auton/James Thomas Tel: +44 (0) 207 408
4090
FTI Consulting
Edward Berry/Tom Blackwell Tel: +44 (0) 203 727
1046
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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END
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