Director Shareholding

RNS Number : 2951G

Randall & Quilter Inv Hldgs PLC

28 June 2012

 



Randall & Quilter Investment Holdings plc

Director Shareholding

28 June 2012

Ken Randall, Chairman and Chief Executive, yesterday sold 500,000 ordinary shares in the Group at 100p per share, to meet charitable and other commitments.

Following the above mentioned transaction, Ken Randall and family's interests in the ordinary shares of the Group is 21,749,515 shares, representing 43.4% of the issued share capital.

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Enquiries to:

Randall & Quilter Investment Holdings PLC               www.rqih.com  

Tom Booth                                                                  Tel: [phone]

Numis Securities Limited

Stuart Skinner (Nominated Adviser)                           Tel: [phone]

Charles Farquhar (Broker)                                          Tel: [phone]

Shore Capital Stockbrokers Limited

Dru Danford/Stephane Auton                                      Tel: [phone]

FTI Consulting                                                                            

Neil Doyle/Edward Berry                                              Tel: [phone]

Notes to Editors:

Since formation, Randall & Quilter has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following four core areas:

-          Insurance Investments;

-          Insurance Services;

-          Underwriting Management; and

-          Captives.

The Group currently:

- has a team of up to 400 insurance professionals based in the UK, USA, Bermuda, and Continental Europe with wide service capability in both the 'live' and 'run-off' market;

- has a portfolio of 10 insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£85.5m as at 31 December 2011;

- provides 'turnkey' management services to Lloyd's syndicate 1897, manages two RITC ('run-off') syndicates and owns and operates 5 MGAs.

- acquires and manages a portfolio of insurance receivables, with a carrying cost of c. £8.2m as at 31 December 2011;

The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer, who both have extensive experience in the industry including as Head of Regulation of Lloyd's and as Head of the Market Financial Services Group respectively.

 

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