Script Dividend Reference Price

RNS Number : 9659P

Helios Underwriting Plc

12 June 2015

 

12 June 2015

Helios Underwriting plc

("HUW" or the "Company")

Scrip Dividend Reference Price

The Company announces that the scrip dividend reference price for the fully paid ordinary shares to be issued to shareholders electing to receive the scrip dividend alternative for the total dividend of 5.1p per share for the year ended 31 December 2014 will be 162.5p per share.

The scrip reference price is calculated as the average of the Company's closing middle market share price for the five consecutive dealing days commencing on the ex-dividend date of 4 June 2015.

The timetable for the proposed scrip dividend, which remains subject to approval at the Company's Annual General Meeting to be held on 25 June 2015, is as follows:

26 June 2015	Final date for receipt of scrip dividend mandate election forms and CREST dividend election input messages
3 July 2015	Allotment of new shares to certificated and CREST shareholders, admission to trading and posting of tax vouchers

For further information please contact:

HUW Nigel Hanbury - Chief Executive	[e-mail]
Smith & Williamson Corporate Finance David Jones	020 7131 4000
Westhouse Securities Robert Finlay	020 7601 6100

About HUW

HUW 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).  HUW's subsidiary underwriting vehicles trade within the Lloyd's insurance market as corporate members of Lloyd's writing £23 million of capacity for the 2015 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.

 

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