TIDMRQIH

RNS Number : 3135Z

R&Q Insurance Holdings Ltd

13 September 2022

13 September 2022

R&Q Insurance Holdings Ltd

Result of Special General Meeting

R&Q Insurance Holdings Ltd (AIM: RQIH) ("R&Q" or the "Company"), the leading non-life global specialty insurance company focusing on Program Management and Legacy Insurance businesses, announces the result of the Special General Meeting ("SGM") held today.

In line with the Board's recommendations that shareholders should vote against all of the resolutions and following a poll conducted at the meeting, Resolutions 1 and 2 as set out in the notice convening the SGM have not been approved by shareholders of the Company. The results of both resolutions put to the SGM are set out below. The resolutions were proposed as ordinary resolutions requiring the support of a minimum of 50% of the total votes cast in order to be passed.

 
 Resolution                  For                  Against             Total         Total       Votes 
                                                                      votes          votes       Withheld 
                                                                       cast         cast as 
                                                                                  % of Issued 
                                                                                     Share 
                                                                                    Capital 
                     Number        % of     Number        % of 
                      of Votes      votes    of votes      votes 
                                    cast                   cast 
                    ------------  -------  ------------  ------- 
 1. To remove 
  William Spiegel 
  as a director      105,025,549   30.44%   239,997,677   69.56%   345,023,226      91.42%        1,697 
                    ------------  -------  ------------  -------  ------------  -------------  ---------- 
 2. To appoint 
  Ken Randall 
  as a director      121,227,672   35.14%   223,787,182   64.86%   345,014,854      91.42%       10,069 
                    ------------  -------  ------------  -------  ------------  -------------  ---------- 
 

Alastair Campbell, Non-Executive Director, said:

"We are pleased with the result of the meeting and would like to thank our shareholders for their support. The certainty provided by this outcome means that William, the Board and the management team can now ensure their full focus is on executing against our strategy and delivering on our targets. The R&Q Board will also continue with its priority of enhancing its composition, including the appointment of an Independent Non-Executive Chairman as soon as possible."

A copy of these votes is also available on the Company's website.

-Ends-

Enquiries to:

 
R&Q Insurance Holdings Ltd.        Tel: 020 7780 5850 
 William Spiegel 
  Alan Quilter 
 Tom Solomon 
 
  Fenchurch Advisory Partners LLP (Financial Adviser) 
  Tel: 020 7382 2222 
  Kunal Gandhi 
  Brendan Perkins 
  Richard Locke 
  Tihomir Kerkenezov 
 
  Numis Securities Limited (Nominated Advisor & Joint 
  Broker) Tel: 020 7260 1000 
 Giles Rolls 
 Charles Farquhar 
 
  Barclays Bank PLC (Joint Broker)   Tel: 020 7632 2322 
  Andrew Tusa 
  Anusuya Nayar Gupta 
 
  FTI Consulting                     Tel: 020 3727 1051 
  Tom Blackwell 
 

About R&Q

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

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMBKNBBNBKDQCD

(END) Dow Jones Newswires

September 13, 2022 09:26 ET (13:26 GMT)

R&q Insurance (LSE:RQIH)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas R&q Insurance.
R&q Insurance (LSE:RQIH)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas R&q Insurance.