REG - Helios Underwriting - Transaction in Own Shares

Helios UnderwritingAnnouncement

25/08/2023 14:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230825:nRSY5118Ka&default-theme=true

RNS Number : 5118K  Helios Underwriting Plc  25 August 2023

25 August 2023

Helios Underwriting plc

("Helios" or the "Company")

Transaction in Own Shares

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 15 August 2023 and 23 August 2023 (the "Share Buyback
Programme"), the Company purchased the following number of its ordinary shares
of 10p ("Ordinary Shares") each through Numis Securities Ltd ("Numis").

 

 Date of purchase:                                    25 August 2023
 Aggregate number of Ordinary Shares purchased:       58,800
 Lowest price paid per share (GBp):                   127.50
 Highest price paid per share (GBp):                  127.50
 Volume weighted average price paid per share (GBp):  127.50

 

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 77,945,833 of which 697,569 of its Ordinary Shares are held in
treasury, which attract no voting rights. Therefore, the total voting rights
in the Company will be 77,248,264. 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   127.50                                           58,800

 

 

Individual information:

 

 Numbers of shares purchased  Transaction price (pence per share)  Time of transaction  Venue
 58,800                       127.50                               08:45:01             AIMX

 

For further information, please contact:

Helios Underwriting plc

Martin Reith - Chief Executive Officer
+44 (0)7720 292 505

Nigel Hanbury - Executive Deputy Chairman        +44 (0)7787 530 404
 

Arthur Manners - Chief Financial Officer               +44 (0)7754 965
917

 

Numis (Nomad and Broker)
 

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

 

 

Buchanan (PR)

Helen Tarbet / George Beale
                                +44 (0)7872 604
453

 
                                     +44 (0)20 7466 5111

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 £310.8m of capacity for the 2023 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  POSFLFIVTTIEFIV