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

R&Q Insurance HoldingsAnnouncement

21/12/2023 11:15

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RNS Number : 6390X  R&Q Insurance Holdings Ltd  21 December 2023

TR-1: Standard form for notification of major holdings

 

 

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 LLC

 

City of registered office (if applicable)

 

 

 

Country of registered office (if applicable)

US

 

                                                       Country of registered office

 Name                      City of registered office

 Scopia Management, Inc.   New York, New               United States

                           York
 Scopia Capital            Wilmington, Delaware

 Management LP                                         United States

 

4. Details of the shareholder

 

                                                             Country of registered office

 Name                            City of registered office

 Goldman Sachs & Co.             New York, New               United States

                                 York
                                 New York, New

 Morgan Stanley & Co., LLC       York                        United States

 

5. Date on which the threshold was crossed or reached

 

19-Dec-2023

 

6. Date on which Issuer notified

20-Dec-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 +   Total number of voting rights held in issuer

                                                                                                                                                                                                             8.B)
 Resulting situation on the date on which threshold was crossed or reached

                                                                            7.720000                                              0.460000                                                                   8.180000                    30534324
 Position of previous notification (if applicable)

                                                                            9.290000                                              0.460000                                                                   9.750000

 

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                                                                          28834324                                                                         7.720000
                                              28834324                                                                              7.720000%

 Sub Total 8.A

 

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

 

                                                                                                             Number of voting rights that may be acquired if the instrument is

                                                          exercised/converted

 Type of financial instrument                     Exercise/conversion period                                                                                                    % of voting rights

                                Expiration date

                                                  Swap may be terminated at any time up to Expiration Date

 SWAP                           11/08/2025                                                                   1700000                                                            0.460000
                                                                                                             1700000                                                            0.460000%

 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)

 

                                                                                                                                             % of voting rights through financial instruments if it equals or is higher

                                                                            than the notifiable threshold

                               Name of controlled undertaking   % of voting rights if it equals or is higher than the notifiable threshold                                                                               Total of both if it equals or is higher than the notifiable threshold

 Ultimate controlling person

 Scopia Management, Inc

                                                                7.720000                                                                     0.460000                                                                    8.180000%
 Scopia Capital Management LP

                                                                7.720000                                                                     0.460000                                                                    8.180000%

 

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

 

20-Dec-2023

 

13. Place Of Completion

 

New York, NY United States

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