Randall & Quilter Inv Hldgs Ltd Result of General Meeting (6549A)
March 27 2017 - 11:03AM
UK Regulatory
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RNS Number : 6549A
Randall & Quilter Inv Hldgs Ltd
27 March 2017
Randall & Quilter Investment Holdings Ltd.
Result of General Meeting
27 March 2017
The Board of Randall & Quilter Investment Holdings Ltd.
(AIM:RQIH) (the "Company"), the specialist non-life insurance
investor, service provider and underwriting manager, today held the
General Meeting referred to in the notice to shareholders of the
Company dated 2 March 2017.
The resolutions set out in the notice convening the General
Meeting for the proposed placing of up to 15,278,291 new ordinary
shares have been duly passed.
Application has been made for the new ordinary shares to be
admitted to trading on AIM ("Admission") and it is expected that
Admission will occur on 28 March 2017. Following Admission, the
Company will have 87,396,247 shares in issue.
Ends
Enquiries to:
Randall & Quilter Investment Holdings www.rqih.com
Ltd. +1 441 247
Tom Booth 8330
Numis Securities Limited (Bookrunner,
Nomad and Joint Broker)
Stuart Skinner (Nominated Adviser)
Charles Farquhar (Broker)
Akshman Ori +44 (0)20
Harry Trueman 7260 1000
FTI Consulting
Edward Berry +44 (0)20
Tom Blackwell 3727 1046
Notes to Editors:
About R&Q
Randall & Quilter pursues a buy and build strategy and has
created a comprehensive range of investment activities and services
in the global non-life insurance market.
R&Q is focused on the following three core areas:
-- Insurance Investments
-- Insurance Services
-- Underwriting Management
The Group:
-- provides a range of services to both the live and legacy
(re)insurance markets to support growing businesses and address
complex and challenging run-off issues;
-- employs close to 400 insurance professionals based in the UK,
US, Bermuda, and Europe with wide service capability in both the
'live' and 'run-off' markets;
-- owns and manages a portfolio of insurance companies, both
active and in run-off, in the UK, US and Europe with net assets of
GBP123.7m as at 31 December 2015;
-- owns an admitted P&C Insurer, A- rated by AM Best, with
licenses throughout the US; owns a Bermuda Class 3A insurance
company which currently supports the Group's syndicate
participations;
-- launched Syndicate 1991, which commenced underwriting from
January 1, 2013 and has an agreed capacity of GBP130m for 2016,
manages one RITC ('run-off') syndicate, 3330, and owns and operates
an MGA platform;
-- acquires and manages a portfolio of insurance receivables,
with a carrying cost of GBP6.0m as at 31 December 2015, of which
R&Q holds a 50% interest
The Group was founded by Ken Randall and Alan Quilter in
1991.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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