TIDMHUW
RNS Number : 5586J
Helios Underwriting Plc
13 December 2022
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION
OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
13 December 2022
Helios Underwriting plc
("Helios" or the "Company")
Result of General Meeting
Total Voting Rights
and
Directors' Participation
Result of General Meeting
Further to its announcements of 23 November, 24 November and 12
December 2022 (the "Announcements"), Helios, the unique investment
vehicle which acquires and consolidates underwriting capacity at
Lloyd's, is pleased to announce that each of the Resolutions put to
Shareholders at the General Meeting held earlier today were duly
passed.
Application has therefore been made for, in aggregate, 8,196,195
New Ordinary Shares to be admitted to trading on AIM, comprising
7,843,927 Placing Shares, 200,000 Subscription Shares and the
152,268 Open Offer Shares for which valid applications were
received under the Open Offer. Admission is expected to occur at
8.00 am on 14 December 2022.
Total Voting Rights
Following Admission, the Company will have 77,082,407 Ordinary
Shares in issue admitted to trading on AIM (excluding the 419,169
Ordinary Shares held in treasury and which do not carry 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 Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
Directors' Participation
The Directors' resulting shareholdings immediately following
Admission are detailed below:
Participation
in the
Placing or Participation
At the Latest Practicable Date Subscription in Open Offer Immediately following Admission
Number of
Percentage of Placing
Number of Existing Shares or Number of Percentage of
Ordinary Ordinary Subscription Number of Open Ordinary Enlarged Share
Name Shares Shares Shares Offer Shares Shares Capital
----------------- --------------- --------------- -------------- --------------- --------------- ---------------
Michael
Cunningham 86,848 0.13% 200,000 - 286,848 0.37%
--------------- --------------- -------------- --------------- --------------- ---------------
Nigel Hanbury* 9,549,794 13.86% 12,564 - 9,562,358 12.41%
--------------- --------------- -------------- --------------- --------------- ---------------
Arthur Manners** 1,187,368 1.72% - 10,141 1,197,509 1.55%
--------------- --------------- -------------- --------------- --------------- ---------------
Andrew Christie 34,317 0.05% - 234 34,551 0.04%
--------------- --------------- -------------- --------------- --------------- ---------------
Edward
Fitzalan-Howard 382,864 0.56% - - 382,864 0.50%
--------------- --------------- -------------- --------------- --------------- ---------------
Martin Reith 130,161 0.19% 127,566 - 257,727 0.33%
--------------- --------------- -------------- --------------- --------------- ---------------
Tom Libassi*** 13,407,000 19.46% - - 13,407,000 17.39%
--------------- --------------- -------------- --------------- --------------- ---------------
(* 622,500 of Nigel Hanbury's Ordinary Shares are jointly owned
in accordance with the Company's Joint Share Ownership Plan -
300,000 of which are detailed in the announcement made by the
Company on 14 December 2017 and 322,500 of which are detailed in
the announcement made by the Company on 17 August 2021.)
(** 477,500 of Arthur Manner's shares are jointly owned in
accordance with the Company's Joint Share Ownership Plan, 200,000
of which are detailed in the announcement made by the Company on 14
December 2017 and 277,500 of which are detailed in the announcement
made by the Company on 17 August 2021.)
(*** Tom Libassi does not hold Ordinary Shares in the Company
but is the Co-founder and Managing Partner of Resolute Global
Partners Limited, which funds under management of, or associated
with, holds 13,407,000 Ordinary Shares.)
This announcement should be read in conjunction with the
Announcements and the full text of the Company's circular dated 24
November 2022 ("Circular"), copies of which are available on the
Company's website at www.huwplc.com. Capitalised terms in this
announcement have the same meaning as given in the Circular.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
For further information please contact:
Helios Underwriting plc
Nigel Hanbury - Chief Executive +44 (0)7787 530 404 / nigel.hanbury@huwplc.com
Arthur Manners - Chief Financial Officer +44 (0)7754 965 917
Shore Capital (Nomad and Broker)
Robert Finlay +44 (0)20 7408 4080
David Coaten
Henry Willcocks
Gallagher (Financial Adviser) +44 (0)20 3124 6033
Deepon Sen Gupta
Alastair Rodger
Buchanan
Helen Tarbet / Henry Wilson / George Beale +44 (0)7872 604 453
+44 (0) 20 7466 5111
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 GBP232 million of
underwriting capacity for the 2022 year of account. The portfolio
provides a good spread of business being concentrated in property
insurance and reinsurance. For further information please visit
www.huwplc.com.
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END
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