• 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

R&Q completes on two further transactions
R&Q completes on two further transactions

Randall & Quilter Investment Holdings Ltd. (“R&Q”) is pleased to announce the completion of a transaction to assume the Workers’ Compensation liabilities of a Vermont based self-insurer by R&Q’s wholly owned A- rated carrier, Accredited Surety and Casualty Company, Inc …

Completion of R&Q’s acquisition of MPS Risk Solutions Limited
Completion of R&Q’s acquisition of MPS Risk Solutions Limited

Further to its announcement on 19 September 2018, Randall & Quilter Investment Holdings Ltd. (‘R&Q’) is pleased to announce that its wholly owned European insurance company, Accredited Insurance (Europe) Limited, has received regulatory approval to complete the acquisition of the …

Accredited announces new program underwriting partnership with Kitsune Ltd
Accredited announces new program underwriting partnership with Kitsune Ltd

Randall & Quilter Investment Holdings Ltd. (‘’R&Q’’) is pleased to announce that its wholly-owned European subsidiary Accredited Insurance (Europe) Limited (‘’Accredited’’) has signed a new program underwriting partnership with Kitsune Limited (‘’Kitsune’’), a UK MGA providing private motor insurance. Kitsune …