REG - R&Q Insurance Hldgs - TR-1: Notification of major holdings

R&Q Insurance HoldingsAnnouncement

16/11/2023 10:00

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RNS Number : 7072T  R&Q Insurance Holdings Ltd  16 November 2023

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

BMG7371X1065

Issuer Name

R&Q INSURANCE HOLDINGS LTD

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Scopia Capital Management LP

Scopia Management, Inc.

City of registered office (if applicable)

Wilmington, Delaware, United States (Scopia

Capital Management LP)

New York, New York, United States (Scopia

Management, Inc.)

Country of registered office (if applicable)

US

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

Goldman Sachs & Co.

Morgan Stanley & Co.

City of registered office (if applicable)

Wilmington, Delaware

Country of registered office (if applicable)

United States

5. Date on which the threshold was crossed or reached

14-Nov-2023

6. Date on which Issuer notified

15-Nov-2023

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  9.290000                                              0.460000                                                                   9.740000                        36406128
 Position of previous notification (if applicable)                          8.010000                                              0.000000                                                                   8.010000

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 BMG7371X1065                                                                          34706128                                                                         9.290000
 Sub Total 8.A                                34706128                                                                              9.290000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period                                Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                                                          exercised/converted
 SWAP                          7-AUG-2025       Swap may be terminated at any time up to Expiration Date  1,700,000                                                          0.46%
 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person   Name of controlled undertaking  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                           than the notifiable threshold
 Scopia Management, Inc                                        9.290000                                                                    0.460000                                                                    9.740000
 Scopia Capital Management LP                                  9.290000                                                                    0.460000                                                                    9.740000

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

15 November 2023

13. Place Of Completion

New York, NY United States

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