REG - Helios Underwriting - Issue of Equity

Helios UnderwritingAnnouncement

12/07/2024 07:00

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RNS Number : 1243W  Helios Underwriting Plc  12 July 2024

12 July 2024

Helios Underwriting plc

("Helios" or the "Company")

 

Issue of Equity

Further to the announcement made on 10 July, the Company confirms that,
pursuant to the scrip dividend alternative offered in lieu of cash for the
total dividend for the year ended 31 December 2023, it has issued 164,469 new
ordinary shares of 10p each ("Ordinary Shares") in satisfaction of elections
received.

Application has been made to the London Stock Exchange for the new Ordinary
Shares, which rank pari passu with the Company's existing issued Ordinary
Shares, to be admitted to trading on AIM ('Admission').  Dealings are
expected to commence at 8.00 a.m. on 16 July 2024.  Following Admission
pursuant to the scrip dividend elections received, the Company's issued share
capital will consist of 78,110,302 Ordinary Shares. The Company holds
3,200,689 Ordinary Shares in Treasury. The total number of voting rights in
the Company is therefore 74,909,613 Ordinary Shares.

 

For further information, please contact:

Helios Underwriting plc

Michael Wade - Chairman

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.

 

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