Helios Underwriting Plc Issue of Equity (5731R)

TIDMHUW

RNS Number : 5731R

Helios Underwriting Plc

30 June 2015

Helios Underwriting plc

("HUW" or the "Company")

Issue of equity

HUW is pleased to announce that, pursuant to the scrip dividend alternative offered in lieu of cash for the total dividend for the year ended 31 December 2014, it has issued 84,027 new ordinary shares in satisfaction of elections received.

Application has been made to the London Stock Exchange for the new ordinary shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 3 July 2015. Following the issue of the new ordinary shares, the issued ordinary share capital of the Company will comprise a total of 9,040,814 ordinary shares. No ordinary shares are held in treasury.

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 GBP25 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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