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Proposed Redomicile to Bermuda

17 May, 2013

Randall & Quilter (AIM:RQIH), the specialist non-life insurance investor, service provider and underwriting manager, announced its intention to redomicile the holding company of the Randall & Quilter group from the UK to Bermuda (the “Redomicile“) on 25 April 2013.

As explained in that announcement, the Redomicile will be implemented by way of a scheme of arrangement (“Scheme“) sanctioned by the high court of England and Wales (“Court“) and will be subject to, amongst other things, the approval of Randall & Quilter’s shareholders and the sanction of the Court.

If the Redomicile proposal is approved, all existing ordinary shares in Randall & Quilter will be cancelled and holders of Randall & Quilter’s shares will be issued with new shares in Randall & Quilter Investment Holdings Ltd. (“New R&Q Shares“), a company that has been incorporated in Bermuda to become the new holding company for the Randall & Quilter group of companies (“New R&Q“).

Application will be made for the New R&Q Shares to be admitted to trading on the AIM Market of the London Stock Exchange on the Scheme becoming effective (“Admission”).

Click to download the full press release

 

Proposed Redomicile to Bermuda

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