Result of AGM

RNS Number : 9155I

Randall & Quilter Inv Hldgs PLC

22 June 2011

 



Date:	22 June 2011
On behalf of:	Randall & Quilter Investment Holdings plc ("R&Q", "Randall & Quilter" or "the Company")
For immediate release

Randall & Quilter Investment Holdings PLC

Result of Annual General Meeting

Randall & Quilter (AIM: RQIH), the specialist non-life insurance investor, announces the result of voting on the resolutions at its Annual General Meeting ("AGM") held earlier today. Each of the resolutions was passed by the required majority. Details are set out below of the votes cast in respect of each resolution. In order to comply with the City Code on Takeovers and Mergers, Resolution 15 was passed on a poll.

The following table shows the votes cast on each resolution:

	Total Votes For	Total Chairman's Discretion	Total Votes Against	Votes Withheld
Resolution 1	36,942,427	9,159	1,275	0
Resolution 2	36,938,927	7,159	4,775	0
Resolution 3	36,938,927	7,159	4,775	0
Resolution 4	36,936,135	7,159	6,775	792
Resolution 5	36,938,135	7,159	4,775	792
Resolution 6	36,920,635	7,159	4,775	18,292
Resolution 7	36,938,135	7,159	4,775	792
Resolution 8	36,934,927	7,159	4,775	4,000
Resolution 9	36,736,246	7,159	4,775	0
Resolution 10	36,914,827	7,159	20,875	8,000
Resolution 11	36,910,827	7,559	20,875	12,000
Resolution 12	36,919,527	7,159	12,775	11,400
Resolution 13	36,937,427	7,159	6,275	0
Resolution 14	36,921,927	7,159	4,775	17,000
Resolution 15	10,202,681	9,159	4,775	21,141,127

The number of votes validly cast on resolution 15 represented approximately 18.53% of the issued ordinary share capital of the Company.

If the authority granted by Resolution 12 (market purchases of own shares) were exercised in full by the Company and no disposals of Ordinary Shares of 2 6/91p each in the capital of the Company ("Ordinary Shares") by any member of the R&Q Concert Party (consisting of Ken Randall, his son, Mark Randall and Alan Quilter) took place and no other options or rights to subscribe for Ordinary Shares were exercised or taken up and no issues of Ordinary Shares made, the aggregate percentage of the voting rights in the Company attributable to the R&Q Concert Party, excluding shares deemed to be held in treasury, would represent approximately 59.12 per cent of the then issued Ordinary Shares.

ENDS

Enquiries:

Randall & Quilter Investment Holdings PLC               www.rqih.co.uk 

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]

Redleaf Communications                                           r&[e-mail] 

Emma Kane/Alicia Jennings                                       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 portfolio of nine insurance companies in run-off (from the UK, US and Europe) with net assets of c.£73m as at 31 December 2010;

-   has wide service capability in both the 'live' and 'run-off' markets

-   has a team of approximately 350 insurance professionals based in the UK, USA, Bermuda, Canada and Gibraltar; and

-   provides 'turnkey' management services to new Lloyd's syndicate 1897 and manages two RITC ('run-off') syndicates.

The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Group Finance Director, 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.

 

END

 

 

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