R&Q Insurance Holdings Ltd Result of Special General Meeting (3135Z)
13 Septiembre 2022 - 08:26AM
UK Regulatory
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
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END
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September 13, 2022 09:26 ET (13:26 GMT)
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