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Increase in Borrowing Powers

4 September, 2018

Randall & Quilter Investment Holdings Ltd., the Bermuda based global program underwriting and legacy acquisitions specialist, announces that it has today published a circular to shareholders containing details of a proposal to increase the current limit on the borrowing powers of the Company from £100,000,000 to £200,000,000 and a notice of a general meeting to be held at 71 Fenchurch Street, Ground Floor, London EC3M 4BS on 20 September 2018 at 9.00 a.m.

As part of the Board’s ongoing analysis of the Group’s borrowing requirements, the Board has identified that the current limit is unduly restrictive. The opportunities which the Board now evaluates from time to time are often of a size and scale where the current borrowing limit would operate as an unhelpful restriction on the level of opportunities which the Board could consider. The increase in borrowing powers will enable the Company and its wider group to take advantage of acquisition opportunities as they arise. These opportunities often require significant financial resources to be deployed initially, typically on an interim basis until the Company is able to extract cash from within the acquired entity.

A copy of the circular is available here.

Click here for the full press release

Increase in Borrowing Powers

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