Helios Underwriting Plc Results of GM and of Open Offer and TVR (6483N)
October 27 2016 - 8:22AM
UK Regulatory
TIDMHUW
RNS Number : 6483N
Helios Underwriting Plc
27 October 2016
27 October 2016
Helios Underwriting PLC
("Helios" or the "Company")
Results of General Meeting and of Open Offer
and
Admission to AIM
Helios Underwriting PLC is pleased to announce that all the
resolutions were duly passed at the Company's General Meeting held
earlier today.
The Open Offer closed for acceptances at 11.00 a.m. on 26
October 2016. The Company has received valid acceptances in respect
of 482,943 New Ordinary Shares from Qualifying Shareholders,
representing 22.7 per cent. of the New Ordinary Shares available
under the Open Offer. The Company has therefore raised gross
proceeds of approximately GBP724,000 through the Open Offer. In
aggregate, the Company has raised approximately GBP5.97 million
(gross) pursuant to the Placing and the Open Offer.
Admission to trading on AIM of the 482,943 New Ordinary Shares
is expected to take place at 8.00 a.m. (London time) on 28 October
2016.
Total Voting Rights
Following Admission, the Company's issued share capital will
comprise 14,604,240 Ordinary Shares. There are no shares held in
treasury.
Therefore, the figure of 14,604,240 Ordinary Shares should be
used by Shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
Capitalised terms used in this announcement have, unless
otherwise stated, the same meaning given to them in the circular
posted to Shareholders on 10 October 2016.
-Ends-
For further information, please contact:
Helios
Nigel Hanbury - Chief Executive 020 7863 6655 /
nigel.hanbury@huwplc.com
Arthur Manners - Chief Financial Officer 07754 965917
Stockdale Securities 020 7601 6100
Robert Finlay
Richard Johnson
David Coaten
About Helios
Helios 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). Helios trades within the
Lloyd's insurance market writing approximately GBP33 million of
capacity for the 2016 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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