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14 January, 2015
The Board of Randall & Quilter is pleased to announce that preliminary agreement has been reached, subject to due diligence and contract, to sell RQMS and the business of Synergy to the Hiscox Group.
The potential sale of these businesses is part of the targeted disposal plan mentioned in the trading update on 13th November 2014. These disposals do not signal any major change in direction for the Group and are designed to ensure there is greater focus on the Group’s core strengths.
Further updates will be made in due course as the transaction progresses. Completion is currently anticipated to be within the first quarter of 2015.
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Further to the Company’s announcement on 13 January 2020 (RNS number 5159Z), the Company hereby provides the attached notification, made in accordance with the requirements of the EU Market Abuse Regulation.
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