Brief: R&Q Insurance Says Alternative Proposal Best Option To Secure Value On Proposed Sale

R&Q Insurance Holdings

19/06/2024 07:32

June 19 (Reuters) - R&Q Insurance Holdings Ltd  RQIH.L :
    * REFERS TO UPDATE ON PROPOSED SALE OF 100% OF R&Q'S STAKE
IN
RANDALL & QUILTER AMERICA ANNOUNCED ON JUNE 13
    * BOARD HAS CONCLUDED THAT ALTERNATIVE PROPOSAL REPRESENTS
BEST
OPTION TO SECURE VALUE AT THIS TIME
    * IMPLEMENTATION OF ALTERNATIVE PROPOSAL WILL INVOLVE CO
FILING
FOR  PROVISIONAL LIQUIDATION IN BERMUDA

Source text for Eikon:  ID:nRSS9595Sa 
Further company coverage:  RQIH.L 

 ((Reuters.Briefs@thomsonreuters.com;))