TIDMRQIH

RNS Number : 5166S

Randall & Quilter Inv Hldgs Ltd

14 July 2022

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) (i) 
 
 1a. Identity of the issuer or the                           Randall and Quilter Investment Holdings 
  underlying issuer of existing shares                        Ltd. 
  to which voting rights are attached 
  (ii) : 
                                                            ----------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer                                                                                           X 
                                                                                                       ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights 
                                                                                                       ---- 
 An acquisition or disposal of financial instruments 
                                                                                                       ---- 
 An event changing the breakdown of voting rights 
                                                                                                       ---- 
 Other (please specify)(iii) :                                                                           X 
                                                                                                       ---- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                        Steven W. Pasko 
 City and country of registered office 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                        Please refer to response at section 
                                                              9 
                                                            ----------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                            ----------------------------------------------- 
 5. Date on which the threshold was                          12 July 2022 
  crossed or reached (vi) : 
                                                            ----------------------------------------------- 
 6. Date on which issuer notified                            13 July 2022 
  (DD/MM/YYYY): 
                                                            ----------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                             % of voting       % of voting rights      Total of both    Total number 
                           rights attached      through financial       in % (8.A +      of voting rights 
                           to shares (total        instruments              8.B)         of issuer (vii) 
                               of 8. A)           (total of 8.B 
                                                    1 + 8.B 2) 
                         ------------------  ----------------------  ----------------  -------------------- 
 Resulting situation      12.71%*                                     12.71%* 
  on the date 
  on which threshold 
  was crossed 
  or reached 
                         ------------------  ----------------------  ----------------  -------------------- 
 Position of              10.12%*                                     10.12%* 
  previous notification 
  (if 
  applicable) 
                         ------------------  ----------------------  ----------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of    Number of voting rights                              % of voting rights 
  shares           (ix) 
  ISIN code (if 
  possible) 
                          Direct                   Indirect                     Direct                  Indirect 
                    (Art 9 of Directive       (Art 10 of Directive        (Art 9 of Directive     (Art 10 of Directive 
                       2004/109/EC)               2004/109/EC)           2004/109/EC) (DTR5.1)        2004/109/EC) 
                         (DTR5.1)                  (DTR5.2.1)                                          (DTR5.2.1) 
                                          -------------------------- 
 Ordinary -       47,953,868                                           12.71%* 
  BMG7371X1065 
                 -----------------------  --------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8.                                                                               12.71%* 
  A 
                 ---------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of          Expiration    Exercise/                       Number of voting                  % of voting 
 financial         date          Conversion Period               rights that may                   rights 
 instrument        (x)           (xi)                            be acquired if 
                                                                 the instrument 
                                                                 is 
                                                                 exercised/converted. 
                 ------------  ------------------------------  --------------------------------  --------------------- 
 
 
 
                                SUBTOTAL 8. B 
                                 1 
                               ------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of      Expiration        Exercise/             Physical              Number of             % of voting 
 financial     date (x)          Conversion            or cash               voting rights         rights 
 instrument                      Period (xi)           settlement 
                                                       (xii) 
             ----------------  --------------------  --------------------  -------------------- 
 
 
 
                                                      SUBTOTAL 
                                                       8.B.2 
                                                     --------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights                       X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (xiv) (please add additional 
  rows as necessary) 
       Name (xv)          % of voting rights      % of voting rights       Total of both if 
                            if it equals or        through financial        it equals or is 
                           is higher than the      instruments if it        higher than the 
                          notifiable threshold    equals or is higher     notifiable threshold 
                                                  than the notifiable 
                                                       threshold 
                        ----------------------  ---------------------  ------------------------ 
 Steven W. Pasko         12.71%* 
                        ----------------------  ---------------------  ------------------------ 
 MTCP LLC                12.71%* 
                        ----------------------  ---------------------  ------------------------ 
 Brickell Insurance      12.71%* 
  Holdings LLC 
                        ----------------------  ---------------------  ------------------------ 
 Brickell PC Insurance   12.71%* 
  Holdings LLC 
                        ----------------------  ---------------------  ------------------------ 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                                ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                ----------------------------------------------- 
 
 11. Additional information (xvi) 
 
        * As at 12 July 2022, Brickell holds an aggregate total of 47,953,868 
        ordinary shares, representing 12.71 % of the voting rights attributable 
        to all of the ordinary shares then in issue in R&Q. This is broken down 
        as follows: 
 
         *    11.02% held by Brickell PC Insurance Holdings LLC; 
              and 
 
 
         *    1.69% held by Brickell Insurance Holdings LLC. 
 
 
 
        However, as certain US jurisdictional regulatory consents / approvals 
        remain outstanding, the ability for Brickell and its affiliates (which 
        in certain jurisdictions, including certain states in the United States 
        of America, includes 777 Partners LLC) to exercise voting rights attached 
        to any shares over 9.9% continues to be restricted until such time as 
        the appropriate consents or approvals have been obtained. 
 
        [For completeness, we note that 777 Partners LLC holds 5,379,065 shares 
        in R&Q which represents 1.43% of the issued share capital in R&Q as at 
        13 July 2022.] 
 
 
 
 Place of completion   London, United Kingdom 
 Date of completion    13 July 2022 
                      ----------------------- 
 

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