TIDMRQIH

RNS Number : 0145U

Randall & Quilter Inv Hldgs Ltd

24 July 2020

Randall & Quilter Investment Holdings Ltd.

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

Director/PDMR Shareholding

24 July 2020

The Company has been notified that on 23 July 2020 Kenneth Randall, the Executive Chairman of the Company, sold his interest in 500,000 ordinary shares in the Company. Mr Randall continues to hold 11,447,649 ordinary shares which represents 5.14% of the Company's issued share capital and 5.14% of the total voting rights. The ordinary shares sold by Ken Randall represent his allocation in the Company's recent bonus share distribution for the 2019 financial year.

The Company hereby provides the following notification, made in accordance with the requirements of the EU Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                            Kenneth Randall 
     ------------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status                 Executive Director and Group Chairman 
     ------------------------------  ----------------------------------------- 
 b)   Initial notification            Initial notification 
       /Amendment 
     ------------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                            Randall & Quilter Investment Holdings 
                                       Ltd. 
     ------------------------------  ----------------------------------------- 
 b)   Legal Entity Identifier         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    Ordinary shares of 2 pence each of 
       instrument, type of             the Company 
       instrument 
 
       Identification code             BMG7371X1065 
     ------------------------------  ----------------------------------------- 
 b)   Nature of the transaction       Sale of Shares 
     ------------------------------  ----------------------------------------- 
 c)   Currency                        GBP 
     ------------------------------  ----------------------------------------- 
 d)   Price(s) and volume(s)          Price           Volume 
     ------------------------------  --------------  ------------------------- 
                                      151.696 pence   141,915 ordinary shares 
                                       per share 
                                       152 pence       358,085 ordinary shares 
                                       per share 
     ------------------------------  --------------  ------------------------- 
 e)   Aggregated information 
       - Aggregated volume              500,000 ordinary shares 
       - Price                          Price (weighted average): 151.9137 
       - Aggregated total               pence per share 
                                        GBP759,568.58 
     ------------------------------  ----------------------------------------- 
 f)   Date of the transaction         23 July 2020 
     ------------------------------  ----------------------------------------- 
 g)   Place of the transaction        London Stock Exchange, AIM 
     ------------------------------  ----------------------------------------- 
 

-Ends-

 
  Randall & Quilter Investment Holdings Ltd. 
    Ken Randall                                  Tel: +44 (0)7831 145440 
     William Spiegel                              Tel: +001 917 826 5877 
    Numis Securities Limited (Nominated Adviser) 
    Stuart Skinner / Huw Jeremy                  Tel: 020 7260 1000 
    Charles Farquhar                             Tel: 020 7260 1000 
 
     Shore Capital Stockbrokers Limited 
    Stephane Auton                               Tel: 020 7408 4090 
     James Thomas 
 
     FTI Consulting                               Tel: 020 3727 1046 
     Edward Berry 
     Tom Blackwell 
 

Notes to Editors:

About R&Q

R&Q is a non-life global specialty insurance company operating two core, highly complementary, businesses: Program Management and Legacy Insurance. Both these businesses are leaders in markets with high barriers to entry and significant secular growth opportunities.

Legacy Insurance generates profits and capital extractions from expert management of legacy non-life insurance portfolios. Program Management generates commission income from its licensed (and rated) carriers in the US, EU and the UK, writing niche and profitable program business, largely on behalf of highly rated reinsurers.

For the financial year ended 31 December 2019 R&Q reported pre-tax profits of over GBP40 million.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 24, 2020 04:02 ET (08:02 GMT)

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