REG - Helios Underwriting - Transaction in Own Shares

Helios UnderwritingAnnouncement

02/01/2024 07:00

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RNS Number : 2597Y  Helios Underwriting Plc  02 January 2024

02 January 2024

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, 23 August 2023, 10 October 2023 and 18
December 2023 (the "Share Buyback Programme"), the Company purchased the
following number of its ordinary shares of 10p ("Ordinary Shares") each
through Deutsche Numis ("Numis").

 

 Date of purchase:                                    29 December 2023
 Aggregate number of Ordinary Shares purchased:       66,000
 Lowest price paid per share (GBp):                   150.00
 Highest price paid per share (GBp):                  150.00
 Volume weighted average price paid per share (GBp):  150.00

 

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 2,659,765 of its Ordinary Shares are held in
treasury, which attract no voting rights. Therefore, the total voting rights
in the Company will be 75,286,068. 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                                           66,000

 

 

Individual information:

 

 Numbers of shares purchased  Transaction price (pence per share)  Time of transaction  Venue
 66,000                       150.00                               08:59:05             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

 

Deutsche 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 £501m 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 (http://www.huwplc.com/) .

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