Replacement- Transaction in Own Shares

RNS Number : 8725K

Helios Underwriting Plc

02 September 2019

 

The following amendment has been made to the 'Transaction in Own Shares and Total Voting Rights' announcement released on 2 September 2019 at 7.00 a.m. under RNS No 7784K.

The total number of ordinary shares in issue shall be 18,018,128 ordinary shares (excluding shares held in treasury), not 17,916,128 ordinary shares as previously stated.

All other details remain unchanged.

The full amended text is shown below.

Helios Underwriting plc

("Helios" or the "Company")

Transaction in Own Shares

and

Total Voting Rights

Helios announces that on 30 August 2019 it purchased a total of 15,000 ordinary shares of 10 pence each in the Company ("ordinary shares") at an average price of 120 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 18,018,128 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 372,778 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 / [e-mail]

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 £56m 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.

 

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