Helios Underwriting Plc Script Dividend Reference Price (9659P)

TIDMHUW

RNS Number : 9659P

Helios Underwriting Plc

12 June 2015

Helios Underwriting plc

("HUW" or the "Company")

Scrip Dividend Reference Price

The Company 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 5.1p per share for the year ended 31 December 2014 will be 162.5p 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 4 June 2015.

The timetable for the proposed scrip dividend, which remains subject to approval at the Company's Annual General Meeting to be held on 25 June 2015, is as follows:

 
 26 June 2015   Final date for receipt of scrip 
                 dividend mandate election forms 
                 and CREST dividend election input 
                 messages 
-------------  ---------------------------------------- 
 3 July 2015    Allotment of new shares to certificated 
                 and CREST shareholders, admission 
                 to trading and posting of tax 
                 vouchers 
-------------  ----------------------------------------

For further information please contact:

 
 HUW                              nigel.hanbury@huwplc.com 
  Nigel Hanbury - Chief 
  Executive 
 Smith & Williamson Corporate 
  Finance 
  David Jones                    020 7131 4000 
 Westhouse Securities 
  Robert Finlay                  020 7601 6100

About HUW

HUW 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). HUW's subsidiary underwriting vehicles trade within the Lloyd's insurance market as corporate members of Lloyd's writing GBP23 million of capacity for the 2015 account. The portfolio provides a good spread of classes of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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