• 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

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 …