12 September, 2014
Following the announcement of the Group’s interim results on 26 August 2014, the Board of Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (“Company”), the specialist non-life insurance investor, service provider and underwriting manager, is pleased to confirm that a circular setting out details in relation to the proposed return of value to the Company’s shareholders (“Return of Value”) and convening a general meeting of the Company to be held at 12:30 p.m. on 7 October 2014 at 110 Fenchurch Street, 5th Floor, London, EC3M 5JT (“General Meeting”), has been posted to the Company’s shareholders today (“Circular”).
The Return of Value involves the capitalisation of monies standing to the credit of the Company’s share premium account and a Reduction of Capital. To effect the Return of Value:
The Return of Value (including the creation and capitalization of the R Shares and S Shares, the declaration of the Special Dividend 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 Value and Reduction of Capital is available on the Company’s website on the Investors’ Documents page.
Terms defined in the Circular have the same meaning when used in this announcement.
The Company also wishes to correct a minor error made in its announcement of 5 September 2014, in which it was stated that Tom Booth (Group CFO) holds a total of 807,895 Ordinary shares of 2 pence each. The announcement should have stated that Mr. Booth holds 807,893 shares.
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