Helios Underwriting Plc Acquisition (4186X)
August 28 2015 - 3:19AM
UK Regulatory
TIDMHUW
RNS Number : 4186X
Helios Underwriting Plc
28 August 2015
28 August 2015
Helios Underwriting plc
("HUW" or the "Company")
Completion of Acquisition of Lloyd's Limited Liability
Vehicles
Further to the announcement on 3 August 2015, the Company is
pleased to announce that the acquisitions of Nameco (No 76) Limited
and Kempton Underwriting Limited have completed.
Application will be made for the 1,454,536 new ordinary shares
in the Company issued as consideration for the acquisitions to be
admitted to trading on AIM and this is expected to become effective
on 7 September 2015. Following the issue of the new shares: (i)
Will Roseff will hold 2,623,505 ordinary shares in the Company,
representing 25.0% of the Company's issued ordinary shares; and
(ii) the Company will have 10,495,350 ordinary shares in issue with
each share carrying the right to one vote. There are no shares held
in treasury. The total number of voting rights in the Company is
therefore 10,495,350 and this figure may be used by shareholders as
the denominator for the calculations by which they determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the Disclosure and Transparency
Rules.
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 GBP27 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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