TIDMRQIH

RNS Number : 2160U

Randall & Quilter Inv Hldgs Ltd

27 July 2020

Randall & Quilter Investment Holdings Ltd.

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

PDMR Shareholding

27 July 2020

Following the Company's bonus share distribution for the 2019 financial year, the Company has been notified of the following changes to PDMR shareholdings:

Kenneth Randall received 519,463 new ordinary shares. His total holding is therefore 11,447,649 ordinary shares representing 5.14% of the Company's issued share capital and 5.14% of the total voting rights.

Alan Quilter received 136,003 new ordinary shares. His total holding is therefore 3,128,091 ordinary shares representing 1.41% of the Company's issued share capital and 1.40% of the total voting rights.

William Spiegel received 235,387 new ordinary shares. His total holding is therefore 5,413,911 ordinary shares representing 2.43% of the Company's issued share capital and 2.43% of the total voting rights. William's shares are restricted ordinary shares which will, subject to certain conditions, become unrestricted on 10 January 2023.

Todd Campbell received 7,194 new ordinary shares. His total holding is therefore 179,062 ordinary shares representing 0.08% of the Company's issued share capital and 0.08% of the total voting rights.

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           Bonus Share Distribution of 1 ordinary 
                                           share for every 22 approved on 9 July 
                                           2020 
     ----------------------------------  ----------------------------------------- 
 c)   Currency                            GBP 
     ----------------------------------  ----------------------------------------- 
 d)   Price(s) and volume(s)              Price     Volume 
     ----------------------------------  --------  ------------------------------- 
                                          N/A       519,463 ordinary shares 
     ----------------------------------  --------  ------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                  519,463 ordinary shares 
       - Price                              N/A 
       - Aggregated total                   N/A 
     ----------------------------------  ----------------------------------------- 
 f)   Date of the transaction             15 July 2020 
     ----------------------------------  ----------------------------------------- 
 g)   Place of the transaction            Outside of a trading venue 
     ----------------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                Alan Quilter 
     ----------------------------------  --------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------- 
 a)   Position/status                     Chief Executive Office and Chief Financial 
                                           Officer 
     ----------------------------------  --------------------------------------------- 
 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           Bonus Share Distribution of 1 ordinary 
                                           share for every 22 approved on 9 July 
                                           2020 
     ----------------------------------  --------------------------------------------- 
 c)   Currency                            GBP 
     ----------------------------------  --------------------------------------------- 
 d)   Price(s) and volume(s)              Price      Volume 
     ----------------------------------  ---------  ---------------------------------- 
                                          N/A        136,003 ordinary shares 
     ----------------------------------  ---------  ---------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                  136,003 ordinary shares 
       - Price                              N/A 
       - Aggregated total                   N/A 
     ----------------------------------  --------------------------------------------- 
 f)   Date of the transaction             15 July 2020 
     ----------------------------------  --------------------------------------------- 
 g)   Place of the transaction            Outside of trading venue 
     ----------------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                William Spiegel 
     ----------------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                     Deputy Executive 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           Bonus Share Distribution of 1 ordinary 
                                           share for every 22 approved on 9 July 
                                           2020 
     ----------------------------------  ----------------------------------------- 
 c)   Currency                            GBP 
     ----------------------------------  ----------------------------------------- 
 d)   Price(s) and volume(s)              Price     Volume 
     ----------------------------------  --------  ------------------------------- 
                                          N/A       235,387 ordinary shares 
     ----------------------------------  --------  ------------------------------- 
 e)   Aggregated information 
       - Aggregated volume                  235,387 ordinary shares 
       - Price                              N/A 
       - Aggregated total                   N/A 
     ----------------------------------  ----------------------------------------- 
 f)   Date of the transaction             15 July 2020 
     ----------------------------------  ----------------------------------------- 
 g)   Place of the transaction            Outside of trading venue 
     ----------------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                  Todd Campbell 
     ------------------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status                       President & Chief Executive Officer, 
                                             Accredited Surety and Casualty, Inc. 
     ------------------------------------  ----------------------------------------- 
 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             Bonus Share Distribution of 1 ordinary 
                                             share for every 22 approved on 9 July 
                                             2020 
     ------------------------------------  ----------------------------------------- 
 c)   Currency                              GBP 
     ------------------------------------  ----------------------------------------- 
 d)   Price(s) and volume(s)                Price      Volume 
     ------------------------------------  ---------  ------------------------------ 
                                            N/A        8,103 ordinary shares 
     ------------------------------------  ---------  ------------------------------ 
 e)   Aggregated information 
       - Aggregated volume                    8,103 ordinary shares 
       - Price                                N/A 
       - Aggregated total                     N/A 
     ------------------------------------  ----------------------------------------- 
 f)   Date of the transaction               15 July 2020 
     ------------------------------------  ----------------------------------------- 
 g)   Place of the transaction              Outside of trading venue 
     ------------------------------------  ----------------------------------------- 
 

-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 27, 2020 11:52 ET (15:52 GMT)

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