5 March, 2019
The Board of Randall & Quilter Investment Holdings Ltd. (the “Company”), the Bermuda based global program underwriting management and legacy acquisitions specialist, today held the General Meeting referred to in the notice to shareholders of the Company dated 8 February 2019.
The resolutions set out in the notice convening the General Meeting have been duly passed.
The Company also announces that under the open offer of new ordinary shares (“Open Offer”), it received valid applications from Qualifying Shareholders (as defined in the circular posted on 08 February 2019 (the “Circular”)) in respect of an aggregate of 4,499,438 new ordinary shares, being the maximum amount available under the Open Offer.
Accordingly, a total of 65,359,477 new ordinary shares will be allotted under the firm placing of new ordinary shares (“Placing”) and 4,499,438 new ordinary shares will be allotted under the Open Offer. In aggregate, the Company has raised approximately £107 million via the issue of 69,858,915 new ordinary shares (before expenses).
Application has been made for the new ordinary shares to be admitted to trading on AIM and it is expected that Admission will occur on 6 March 2019. Following Admission, the Company will have 195,843,195 shares in issue.
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