REG - R&Q Insurance Hldgs - Increase in the number of Treasury Shares

R&Q Insurance HoldingsAnnouncement

04/01/2024 16:30

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RNS Number : 7076Y  R&Q Insurance Holdings Ltd  04 January 2024

R&Q Insurance Holdings Ltd

("R&Q" or the "Company")

 

Increase in the number of Treasury Shares

 

4 January 2024

R&Q Insurance Holdings Ltd (AIM: RQIH) ("R&Q" or the "Group"), the
leading non-life global specialty insurance company focusing on the Program
Management ("Accredited") and Legacy Insurance ("R&Q Legacy") businesses,
announces that on 2 January 2024, 72,013 Ordinary Shares were purchased by the
Company in accordance with a former employee's share award agreement to fund
tax liabilities arising from the vesting of the final tranche of a share
award. The shares purchased by the Company are held in Treasury and
consequently the number of Treasury Shares has increased to 3,862,930.

Total Voting Rights

As a result of this transaction the total issued share capital will remain
377,395,235 Ordinary Shares. Of which 3,862,930 Ordinary Shares are now held
in Treasury. Therefore, the total number of voting rights will be 373,532,305
and 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, or
a change to their interest in, the Company under the FCA's Disclosure Guidance
and Transparency Rules.

Enquiries to:

 

 R&Q Insurance Holdings Ltd.                                Tel: 020 7780 5850
 Jeff Hayman

 William Spiegel

 Tom Solomon

 Deutsche Numis (Nominated Advisor & Joint Broker)         Tel: 020 7260 1000

 Giles Rolls

 Charles Farquhar

 Barclays Bank PLC (Joint Broker)

 Gary Antenberg                                             Tel: 020 7632 2322

 Richard Bassingthwaighte

 FTI Consulting

 Tom Blackwell                                              Tel: 020 3727 1051

 

Notes to Editors:

 

About R&Q

 

R&Q is a global non-life specialty insurance company. We operate two core
businesses: Program Management and Legacy Insurance. Both these businesses are
leaders in their respective markets.

 

Our approach is to deploy our origination and underwriting capabilities,
alongside our licensed and rated carriers in the US, EU, and the UK, to
generate attractive fee returns in Program Management and Legacy Insurance.

 

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

 

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