Brief: R&Q Insurance Provides Response To Requisition

R&Q Insurance Holdings

12/08/2022 18:31

Aug 12 (Reuters) - R&Q Insurance Holdings Ltd  RQIH.L :
    * R&Q INSURANCE HLDNGS  - RESPONSE TO REQUISITION
    * R&Q INSURANCE HOLDINGS LTD - NOTES THAT IT HAS RECEIVED A
REQUISITION NOTICE EFFECTIVE 12 AUGUST 2022 FROM PHOENIX
    * R&Q INSURANCE - BOARD HAS SOUGHT TO ENGAGE CONSTRUCTIVELY
WITH
PHOENIX TO UNDERSTAND MOTIVATIONS FOR THEIR PROPOSALS, ADDRESS
ANY POTENTIAL CONCERNS
    * R&Q INSURANCE - PHOENIX HAVE, IN BOARD'S VIEW, FAILED TO
ARTICULATE ANY SOUND JUSTIFICATION FOR PROPOSALS BEING IN BEST
INTERESTS OF CO
    * R&Q -RECEIVED REQUISITION NOTICE FROM PHOENIX TO REMOVE
WILLIAM
SPIEGEL,EXEC CHAIRMAN,DIRECTOR OF CO AND APPOINT KEN RANDALL AS
DIRECTOR OF CO
    * R&Q INSURANCE HOLDINGS LTD - RECOMMENDS THAT SHAREHOLDERS
VOTE
AGAINST THESE PROPOSALS IF PUT TO SHAREHOLDERS AT A SPECIAL
GENERAL MEETING

Source text for Eikon:  ID:nRSL9301Va 
Further company coverage:  RQIH.L 

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