• Strategy
  • Innovation
  • Expertise

Result of General Meeting and Open Offer

30 October, 2017

The Board of Randall & Quilter Investment Holdings Ltd. (AIM:RQIH) (the “Company”), the specialist non-life insurance investor, service provider and underwriting manager, today held the General Meeting referred to in the notice to shareholders of the Company dated 6 October 2017.

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 6 October 2017 (the “Circular”)) in respect of an aggregate of 3,309,117 new ordinary shares, being the maximum amount available under the Open Offer.

Accordingly, a total of 34,883,720 new ordinary shares will be allotted under the firm placing of new ordinary shares (“Placing”) and 3,309,117 new ordinary shares will be allotted under the Open Offer. In aggregate the Company has raised approximately £49 million via the issue of 38,192,837 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 31 October 2017. Following Admission, the Company will have 125,875,620 shares in issue.

These Placing and Open Offer subscriptions by the Directors named in the official release (see below for link), are considered to constitute related party transactions pursuant to AIM Rule 13 of the AIM Rules. The Directors (excluding Ken Randall, Alan Quilter and Tom Booth) consider, having consulted with Numis, that the terms of the related party transactions are fair and reasonable insofar as shareholders of the Company are concerned.

Click here for the full Press Release

Result of General Meeting and Open Offer

Latest News

Allotment of Shares
Allotment of Shares

The Company has issued and allotted a total of 735,895 new ordinary shares of 2p each (“Ordinary Shares”) to an employee as part of their remuneration package. Application has been made to the London Stock Exchange for the admission of …

Notification pursuant to AIM Rule 17
Notification pursuant to AIM Rule 17

Notification pursuant to AIM Rule 17 comprising a notification relating to a relevant change by a significant shareholder in the Company The Company was notified on 4 October that Slater now holds an aggregate of 21,649,842 ordinary shares in the …

R&Q appoints CEO for Legacy Insurance
R&Q appoints CEO for Legacy Insurance

Randall & Quilter Investment Holdings Ltd, (AIM-RQIH) (“R&Q”), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, is pleased to announce the appointment of Andrew (Andy) Pinkes as Global CEO of R&Q’s Legacy Insurance …