• Strategy
  • Innovation
  • Expertise

Scheme of Arrangement – Court Approval

3 July, 2013

The directors of Randall & Quilter (AIM:RQIH), the specialist non-life insurance investor, service provider and underwriting manager, are  pleased to announce that the High Court of England and Wales (“Court”) has today 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.

The Scheme, which is expected to become effective on 5 July 2013 following the completion of certain mechanical processes, will result in New R&Q, which has adopted the name Randall & Quilter Investment Holdings Ltd., becoming the holding company of Old R&Q.

On the Scheme becoming effective, Scheme Shareholders will receive one new R&Q share for every one Old R&Q Share held at the Scheme Record Time (expected to be 6.00 p.m. (BST) on 4 July 2013).

Subject to the completion of necessary mechanical processes, it is expected that the cancellation of the Old R&Q Shares and the issue of the New R&Q Shares to Scheme Shareholders will each occur at 7:00 a.m. (BST) on 5 July 2013; and that the cancellation of the Old R&Q Shares from trading on AIM, the admission of New R&Q Shares to trading on AIM, the crediting of Depository Interests representing New R&Q Shares held in uncertificated form to CREST accounts and the commencement of dealings in New R&Q Shares on AIM, will each occur at 8:00 a.m. (BST) on 5 July 2013. The Company will make an appropriate announcement to the market on these events taking place.

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

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 – Court Approval

Latest News

R&Q completes £107mn fundraise
R&Q completes £107mn fundraise

London-listed Randall & Quilter Investment Holdings Ltd. (“R&Q”) has successfully raised £107mn ($140.4mn) in a major equity fund raise to support its expansion in the legacy and program underwriting markets. R&Q raised the funds – which equate to around 40 …

PDMR Share Dealings
PDMR Share Dealings

On 5 March 2019 Michael Smith (through his self-invested personal pension), a non-executive director of the Company, acquired 15,000 shares in the Company at the rate of GBP 153p per share, through his participation in the Company’s Placing and Open …

Result of General Meeting and Open Offer
Result of General Meeting and Open Offer

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 …