Last checked at 5 Feb 2013 07:00
Randall & Quilter Investment Holdings plc
("Randall & Quilter" or the "Group")
Director Dealings
05 February 2013
The Group was notified on 4 February 2013, that on 4 February 2013, Ken Randall (Group Chairman and Chief Executive Officer) sold 1,000,000 Ordinary shares in the Group at a price of 110 pence per share.
In addition, the Group was notified on 4 February 2013, that on 4 February, Mark Randall (Ken Randall's son) sold 1,000,000 Ordinary shares in the Group at a price of 110 pence per share.
Following these transactions, the aforementioned management and family are interested in the following number of shares:
No. Of Ordinary Shares | Percentage of issued share capital | |
Kenneth Randall | 17,537,518 | 34.98% |
Mark Randall | 1,611,997 | 3.22% |
- Ends -
Enquiries to:
Randall & Quilter Investment Holdings plc
Tom Booth
Tel: 020 7780 5850
Numis Securities Limited
Stuart Skinner (Nominated Advisor)
Tel: 020 7260 1000
Charles Farquhar (Broker)
Tel: 020 7260 1000
Notes to Editors:
R&Q
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;
- Underwriting Management & Captives;
- Insurance Services.
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 11 insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£85.9m as at 30 June 2012;
- provides 'turnkey' management services to Lloyd's syndicate 1897, manages two RITC ('run-off') syndicates, owns and operates 3 MGAs and has launched Syndicate 1991 to commence underwriting from January 1, 2013 with a Capacity of £77m for 2013.
- acquires and manages a portfolio of insurance receivables, with a carrying cost of c.£8.1m as at 30 June 2012;
The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer.