5 October, 2018
Following the announcement of the Group’s interim results on 19 September 2018, the Board of Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (“Company”), the Bermuda based global program underwriting management and legacy acquisitions specialist, is pleased to confirm that a notice of general meeting incorporating a circular which sets out details in relation to a proposed return of capital to the Company’s shareholders (“Return of Capital”) and convening the general meeting of the Company to be held at 11:00 a.m. on 30 October 2018 at 71 Fenchurch Street, Ground Floor, London EC3M 4BS (“General Meeting”), has been posted to the Company’s shareholders today (“Circular”).
The Return of Capital involves the creation and capitalization of the AA Shares from monies standing to the credit of the Company’s share premium account and the Reduction of Capital. To effect the Return of Capital:
• Shareholders will be issued one AA Share for each Ordinary Share held by them at 6.00 p.m. on 30 October 2018, being the Record Time.
• On or around 31 October 2018, the AA Shares will be cancelled pursuant to the Reduction of Capital and holders of the AA Shares will be paid the capital paid up on the AA Shares (being 3.6 pence per AA Share).
• Payments in respect of the Return of Capital are expected to be made on or around 7 November 2018.
The Return of Capital (including the creation and capitalization of the AA Shares and the Reduction of Capital) is subject to the approval of the Shareholders at the General Meeting.
A copy of the Circular, containing more information in relation to the Return of Capital and Reduction of Capital, and the Company’s interim results, are available on this website under Shareholder Information.
Terms defined in the Circular have the same meaning when used in this announcement.
Click here for the full press release
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the issuance of a reinsurance agreement to assume the legacy liabilities from the Bermudian captive of a US based airline. The reinsurance is written by the R&Q owned A- …
Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce that its wholly owned subsidiaries, Accredited Surety and Casualty Company, Inc. (“Accredited US”) and Accredited Insurance (Europe) Limited (“Accredited Europe”), have recently completed a number of new program partnerships …
R&Q is pleased to announce the issuance of a loss portfolio transfer reinsurance covering workers’ compensation, product, auto, and general liability risks. This coverage was written by R&Q’s wholly owned A- admitted carrier, Accredited Surety and Casualty Company, Inc. for …