Brief: R&Q Insurance Provides Update On Discussions With The BMA

R&Q Insurance Holdings

22/12/2023 07:49

Dec 22 (Reuters) - R&Q Insurance Holdings Ltd  RQIH.L :
    * UPDATE ON DISCUSSIONS WITH THE BMA
    * BMA NOTIFIED & IT WILL NEED TO PAUSE REDEMPTION OF TIER 2
US$20
MILLION FLOATING RATE SUBORDINATED NOTES
    * DECISIONS BY BMA AND BMA'S REVIEW WILL IMPACT R&Q LEGACY'S
ABILITY TO COMPLETE CERTAIN TRANSACTIONS IN SHORT TERM,
    * REITERATES ITS BELIEF THAT A SUCCESSFUL SALE REPRESENTS
BEST
OUTCOME FOR ALL STAKEHOLDERS

Source text for Eikon:  ID:nRSV7001Xa 
Further company coverage:  RQIH.L 

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