Helios Underwriting Plc Transaction in Own Shares and Total Voting Rights (8852O)
October 07 2019 - 2:00AM
UK Regulatory
TIDMHUW
RNS Number : 8852O
Helios Underwriting Plc
07 October 2019
Helios Underwriting plc
("Helios" or the "Company")
Transaction in Own Shares
and
Total Voting Rights
Helios announces that on 4 October 2019 it purchased a total of
10,000 ordinary shares of 10 pence each in the Company ("ordinary
shares") at a price of 124 pence per ordinary share. The
repurchased shares will be held in treasury.
This purchase forms part of the Company's share repurchase
authority, granted at the shareholder meeting on 16 July 2019, with
the objective of enhancing net asset value per share.
Following settlement of the above transaction, the Company's
total number of ordinary shares in issue shall be 18,000,628
ordinary shares (excluding shares held in treasury), each carrying
voting rights. This figure 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. The Company will also hold 390,278 ordinary
shares in treasury, which do not carry voting rights.
For further information please contact:
Helios Underwriting plc
Nigel Hanbury - Chief Executive 020 7863 6655 / nigel.hanbury@huwplc.com
Arthur Manners - Chief Financial Officer 07754 965 917
Shore Capital
Robert Finlay/David Coaten 020 7408 4090
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 GBP56m of capacity
for the 2019 account. The portfolio provides a good spread of
business being concentrated in property insurance and reinsurance.
For further information please visit www.huwplc.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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