REG - R&Q Insurance Hldgs - PDMR/Director Shareholding and Total Voting Rights

R&Q Insurance HoldingsAnnouncement

12/01/2023 07:00

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RNS Number : 5124M  R&Q Insurance Holdings Ltd  12 January 2023

 

R&Q Insurance Holdings Ltd

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

 

PDMR/Director Shareholding and Total Voting Rights

 

R&Q announces that the 5,178,524 restricted ordinary shares of 2p each
("Ordinary Shares") awarded to William Spiegel in January 2020 in accordance
with his renumeration package, together with 235,387 Ordinary Shares, issued
as part of the Company's bonus share distribution of 1 share for every 22 held
in July 2020, vested on 10 January 2023. To fund tax liabilities arising from
the vesting William Spiegel has sold 2,822,371 Ordinary Shares which, in
accordance with the share award agreement, have been purchased by the Company
to be held in Treasury.

Director Dealing

 Name of Director  Total Restricted Ordinary Shares Vested  Total Ordinary Shares Sold  Total Ordinary Shares Retained  Total R&Q Ordinary Shares now held      % of voting rights
 William Spiegel   5,413,911                                2,822,371                   2,591,540                       2,746,207                               0.73%

Total Voting Rights

As a result of this transaction the total issued share capital will remain
377,395,235 Ordinary Shares. Of which 2,822,371 Ordinary Shares are now held
in Treasury. Therefore, the total number of voting rights will be 374,572,864
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
 William Spiegel                     Tel: 0207 780 5850
 Tom Solomon                         Tel: 0207 780 5850

 Numis Securities Limited (Nominated Advisor and Joint Broker)
 Giles Rolls                         Tel: 020 7260 1000
 Charles Farquhar                    Tel: 020 7260 1000

 Barclays Bank PLC (Joint Broker)

 Andrew Tusa                         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,
highly complementary, 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

 

Website: www.rqih.com (http://www.rqih.com)

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 1    Details of the person discharging managerial responsibility / person closely
      associated

 a)   Name                                     William Spiegel
 2    Reason for the notification

 a)   Position/status                          PDMR (Executive Director)

 b)   Initial notification/amendment           Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor

 a)   Name                                     R&Q Insurance Holdings Ltd

 b)   LEI   2138006K1U38QCGLFC94

 4  Details of the transaction(s): section to be repeated for (i) each type of
    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
    place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument   Ordinary shares of 2 pence each of the Company

      Identification code                                           Ordinary share ISIN: BMG7371X1065
                                                                    1. Vesting of 5,413,911 restricted ordinary shares

 b)   Nature of transaction                                         2.Sale of 2,822,371 ordinary shares

 c)   Price(s) and volume(s)                                        Price(s)                    Volume(s)
      1    Nil                                                                                      5,413,911 Ordinary Shares nil consideration

      2    £0.678                                                                               Sale of 2,822,371 shares for a total consideration of £1,913,567.24

 d)   Aggregated information
                                                                    As above

      Aggregated volume

      Price                                                         As above

 e)   Date of transaction                                           10 January 2023

 f)   Place of transaction                                          Outside of trading location

 

 

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