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

R&Q Insurance HoldingsAnnouncement

27/10/2023 17:00

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RNS Number : 6018R  R&Q Insurance Holdings Ltd  27 October 2023

 

R&Q Insurance Holdings Ltd

 

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

 

PDMR/Director Shareholding and Total Voting Rights

 

 

27 October 2023

 

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 23 October 2023, Andrew Pinkes, a PDMR, to fund tax
liabilities arising from the vesting of his share award, sold 218,220 Ordinary
Shares, which in accordance with his share award agreement, have been
purchased by the Company to be held in Treasury.

 

PDMR 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
 Andrew Pinkes     490,597                                  218,220                     272,377                         517,675                                 0.14%

 

Total Voting Rights

 

As a result of this transaction the total issued share capital will remain
377,395,235 Ordinary Shares. Of which 3,790,917 Ordinary Shares are now held
in Treasury. Therefore, the total number of voting rights will be 373,604,318
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

 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                                     Andrew Pinkes
 2    Reason for the notification

 a)   Position/status                          PDMR (Senior Executive)

 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
                                                                                             Sale of 218,220 Ordinary Shares

     b)                    Nature of transaction

 c)      Price(s) and volume(s)                             Price(s)                                                                                            Volume(s)
         1.   Par value of 2p at Grant                                                       Par value of 2p: £4,308.9

         2    £0.24                                                                          Sale of 218,220 shares for a total consideration of £ 52,372.80

     d)                    Aggregated information
                                                                                             As above

                           Aggregated volume

                           Price                                                             As above

     e)                    Date of transaction                                               23 October 2023

     f)                    Place of transaction                                              Outside of trading location

 

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