R&Q Insurance Holdings Ltd PDMR/Director Shareholding and Total Voting Rights (6018R)
28 October 2023 - 2:52AM
UK Regulatory
TIDMRQIH
RNS Number : 6018R
R&Q Insurance Holdings Ltd
27 October 2023
R&Q Insurance Holdings Ltd
("R&Q" or the "Company")
PDMR/Director Shareholding and Total Voting Rights
27 October 2023
R&Q Insurance Holdings Ltd (AIM: RQIH) ("R&Q" or the
"Group"), the leading non-life global specialty insurance company
focusing on the Program Management ("Accredited") and Legacy
Insurance ("R&Q Legacy") businesses, announces that on 23
October 2023, Andrew Pinkes, a PDMR, to fund tax liabilities
arising from the vesting of his share award, sold 218,220 Ordinary
Shares, which in accordance with his share award agreement, have
been purchased by the Company to be held in Treasury.
PDMR Dealing
Name of Total Restricted Total Ordinary Total Ordinary Total R&Q % of voting
Director Ordinary Shares Sold Shares Retained Ordinary rights
Shares Vested Shares now
held
Andrew Pinkes 490,597 218,220 272,377 517,675 0.14%
Total Voting Rights
As a result of this transaction the total issued share capital
will remain 377,395,235 Ordinary Shares. Of which 3,790,917
Ordinary Shares are now held in Treasury. Therefore, the total
number of voting rights will be 373,604,318 and 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.
Enquiries to:
R&Q Insurance Holdings Ltd
William Spiegel Tel: 0207 780 5850
Tom Solomon Tel: 0207 780 5850
Numis Securities Limited (Nominated Advisor and Joint
Broker)
Giles Rolls Tel: 020 7260 1000
Charles Farquhar Tel: 020 7260 1000
Barclays Bank PLC (Joint Broker)
Andrew Tusa Tel: 020 7632 2322
FTI Consulting
Tom Blackwell Tel: 020 3727 1051
Notes to Editors:
About R&Q
R&Q is a global non-life specialty insurance company. We
operate two core, highly complementary, businesses: Program
Management and Legacy Insurance. Both these businesses are leaders
in their respective markets.
Our approach is to deploy our origination and underwriting
capabilities, alongside our licensed and rated carriers in the US,
EU and the UK, to generate attractive fee returns in Program
Management and Legacy Insurance.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
Details of the person discharging managerial responsibility
1 / person closely associated
a) Name Andrew Pinkes
--------------------------------- -----------------------------
Reason for the notification
2
----------------------------------------------------------------
a) Position/status PDMR (Senior Executive)
--------------------------------- -----------------------------
b) Initial notification/amendment Initial notification
--------------------------------- -----------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name R&Q Insurance Holdings Ltd
--------------------------------- -----------------------------
b) LEI 2138006K1U38QCGLFC94
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
Description of Ordinary shares of 2 pence each of the Company
the financial
instrument, type
of instrument
Identification Ordinary share ISIN: BMG7371X1065
a) code
-------------------------- --------------------------------------------------------------
Sale of 218,220 Ordinary Shares
b) Nature of transaction
-------------------------- --------------------------------------------------------------
Price(s) Volume(s)
------------------ ---------------------------------------
1. Par value Par value of 2p: GBP 4,308.9
of 2p at Grant
------------------ ---------------------------------------
2 GBP0.24 Sale of 218,220 shares for a
c) Price(s) and volume(s) total consideration of GBP 52,372.80
-------------------------- ------------------ ---------------------------------------
Aggregated information
------------------------------------------------------------------------------------------
As above
Aggregated volume
-------------------------- --------------------------------------------------------------
d) Price As above
-------------------------- --------------------------------------------------------------
e) Date of transaction 23 October 2023
-------------------------- --------------------------------------------------------------
f) Place of transaction Outside of trading location
-------------------------- --------------------------------------------------------------
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END
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