REG - Helios Underwriting - Completion of Share Buy-Back

Helios UnderwritingAnnouncement

23/07/2024 17:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240723:nRSW5295Xa&default-theme=true

RNS Number : 5295X  Helios Underwriting Plc  23 July 2024

 23 July 2024

Helios Underwriting plc

("Helios" or the "Company")

Completion of Share Buy-Back

Helios, the investment vehicle which builds shareholder value through exposure
to Lloyd's, announces that, in accordance with the terms of its share buyback
programme announced on 19 June 2024 (the "Programme"), the Company today
purchased 2,466,666 ordinary shares of 10p ("Ordinary Shares") each at 150p
per share through Deutsche Numis ("Numis"). This completes the Programme.

The repurchased shares will be held by the Company in treasury. Following the
purchase and settlement of these shares, the Company's issued ordinary share
capital is 78,110,302 of which 5,667,335 of its Ordinary Shares are held in
treasury, which attract no voting rights. Therefore, the total voting rights
in the Company will be 72,442,947. This figure for the total number of
voting rights may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, the Company under the FCA's Disclosure Guidance and Transparency
Rules.

 In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018, the table below contains detailed information of the individual
trades made by Numis as part of the Share Buyback Programme.

 

 

Aggregate information:

 

 Venue  Volume-weighted average price (pence per share)  Aggregated volume
 AIMX   150.00                                           2,466,666

Individual information:

 

 Numbers of shares purchased  Transaction price (pence per share)  Time of transaction  Venue
 2,466,666                    150.00                                13:18:58

                                                                                        AIMX

 

 

For further information, please contact:

Helios Underwriting plc

Michael Wade -
Chairman
+44 (0)203 880 7518

Arthur Manners - Chief Financial Officer                    +44
(0)203 965 6441

 

Deutsche Numis (Nomad and Broker)
 

Giles Rolls / Charles
Farquhar
 +44 (0)20 7260 1000

 

FTI Consulting

Ed Berry / Tom O'Brien
              +44 (0)7703 330 199 / +44 (0)7929 021 492

 
 

 About Helios

Helios provides a limited liability direct investment into the Lloyd's
insurance market and is quoted on the London Stock Exchange's AIM market
(ticker: HUW). Helios trades within the Lloyd's insurance market writing
approximately £512m of capacity for the 2024 account. The portfolio provides
a good spread of business being concentrated in property & casualty
insurance and reinsurance. For further information please visit
www.huwplc.com.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSKZGZNKFRGDZM