• Strategy
  • Innovation
  • Expertise

Scheme of Arrangement becomes effective

5 July, 2013

As announced on 3 July 2013, the High Court of England and Wales approved the scheme of arrangement between Randall & Quilter Investment Holdings plc (“Old R&Q”) and its members under sections 895 to 899 of the Companies Act 2006 (the “Scheme”) at the Scheme Sanction Hearing.

Old R&Q and New R&Q (which has adopted the name Randall & Quilter Investment Holdings Ltd.) announce that the Scheme has become effective today.

Pursuant to the Scheme, 70,966,335 Old R&Q Shares have been cancelled, and trading of such shares on AIM will cease at 8.00 a.m. (BST) today. Scheme Shareholders have received one New R&Q Share of 2 pence each for every one Old R&Q Share held by them at 6.00 p.m. (BST) on 4 July 2013. New R&Q announces the admission of such New R&Q Shares to trading on AIM, and the commencement of dealing in such New R&Q Shares, at 8:00 a.m. (BST) today.

The ticker for New R&Q shares will be the same as for Old R&Q (AIM:RQIH), while there will be a new ISIN for New R&Q, which is BMG7371X1065, both applicable upon Admission today.

On the Scheme taking effect, Old R&Q has been re-registered as a private company limited by shares and is now wholly owned by New R&Q.

Capitalised terms used but not defined in this announcement have the meaning given to them in the circular despatched to shareholders of Old R&Q on 17 May 2013.

Click to download the full press release

Scheme of Arrangement becomes effective

Latest News

Inperio and Accredited Pioneer Extension of UK solicitors’ PI Market
Inperio and Accredited Pioneer Extension of UK solicitors’ PI Market

The specialist UK Professional Indemnity MGA Inperio (London) Limited (“Inperio”) has worked with the European program underwriter Accredited Insurance (Europe) Limited (‘’AIEL’’), R&Q ‘s A.M. Best A- (Excellent) rated European insurance company, to launch the first professional indemnity policy focused …

Portfolio transfer from SAAB subsidiary to Accredited Insurance Europe
Portfolio transfer from SAAB subsidiary to Accredited Insurance Europe

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce that its wholly owned subsidiary Accredited Insurance (Europe) Limited has completed the transfer of business from Lansen Försäkringsaktiebolag (Lansen), a wholly owned subsidiary of SAAB Aktiebolag (“SAAB”). The transfer …

Acquisition of Montana Captive Insurer
Acquisition of Montana Captive Insurer

R&Q is pleased to announce it has acquired the Montana captive insurer, Vigneron Insurance Company, Inc. (“VICI”), from a wholly owned private investment holding company with diverse holdings in a variety of industries, real estate, marketable securities and other investments. …