TIDMRQIH

RNS Number : 6018R

R&Q Insurance Holdings Ltd

27 October 2023

R&Q Insurance Holdings Ltd

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

PDMR/Director Shareholding and Total Voting Rights

27 October 2023

R&Q Insurance Holdings Ltd (AIM: RQIH) ("R&Q" or the "Group"), the leading non-life global specialty insurance company focusing on the Program Management ("Accredited") and Legacy Insurance ("R&Q Legacy") businesses, announces that on 23 October 2023, Andrew Pinkes, a PDMR, to fund tax liabilities arising from the vesting of his share award, sold 218,220 Ordinary Shares, which in accordance with his share award agreement, have been purchased by the Company to be held in Treasury.

PDMR Dealing

 
 Name of          Total Restricted   Total Ordinary   Total Ordinary     Total R&Q     % of voting 
  Director         Ordinary           Shares Sold      Shares Retained    Ordinary      rights 
                   Shares Vested                                          Shares now 
                                                                          held 
 Andrew Pinkes    490,597            218,220          272,377            517,675       0.14% 
 

Total Voting Rights

As a result of this transaction the total issued share capital will remain 377,395,235 Ordinary Shares. Of which 3,790,917 Ordinary Shares are now held in Treasury. Therefore, the total number of voting rights will be 373,604,318 and may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 
 
 

Enquiries to:

 
  R&Q Insurance Holdings Ltd 
   William Spiegel                      Tel: 0207 780 5850 
   Tom Solomon                          Tel: 0207 780 5850 
 
    Numis Securities Limited (Nominated Advisor and Joint 
    Broker) 
   Giles Rolls                          Tel: 020 7260 1000 
   Charles Farquhar                     Tel: 020 7260 1000 
 
    Barclays Bank PLC (Joint Broker) 
    Andrew Tusa                          Tel: 020 7632 2322 
   FTI Consulting 
    Tom Blackwell                        Tel: 020 3727 1051 
 

Notes to Editors:

About R&Q

R&Q is a global non-life specialty insurance company. We operate two core, highly complementary, businesses: Program Management and Legacy Insurance. Both these businesses are leaders in their respective markets.

Our approach is to deploy our origination and underwriting capabilities, alongside our licensed and rated carriers in the US, EU and the UK, to generate attractive fee returns in Program Management and Legacy Insurance.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
        Details of the person discharging managerial responsibility 
  1      / person closely associated 
 
   a)     Name                               Andrew Pinkes 
       ---------------------------------  ----------------------------- 
        Reason for the notification 
  2 
       ---------------------------------------------------------------- 
 
   a)     Position/status                    PDMR (Senior Executive) 
       ---------------------------------  ----------------------------- 
 
   b)     Initial notification/amendment     Initial notification 
       ---------------------------------  ----------------------------- 
        Details of the issuer, emission allowance market participant, 
  3      auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------- 
 
   a)     Name                               R&Q Insurance Holdings Ltd 
       ---------------------------------  ----------------------------- 
 
 
 
   b)     LEI     2138006K1U38QCGLFC94 
 
 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
 
 
 
              Description of              Ordinary shares of 2 pence each of the Company 
              the financial 
              instrument, type 
              of instrument 
 
              Identification              Ordinary share ISIN: BMG7371X1065 
   a)         code 
           --------------------------  -------------------------------------------------------------- 
                                        Sale of 218,220 Ordinary Shares 
     b)       Nature of transaction 
           --------------------------  -------------------------------------------------------------- 
 
                                        Price(s)            Volume(s) 
                                     ------------------  --------------------------------------- 
                                      1. Par value        Par value of 2p: GBP 4,308.9 
                                       of 2p at Grant 
                                     ------------------  --------------------------------------- 
 
                                        2 GBP0.24           Sale of 218,220 shares for a 
 c)       Price(s) and volume(s)                            total consideration of GBP 52,372.80 
         --------------------------  ------------------  --------------------------------------- 
 
              Aggregated information 
           ------------------------------------------------------------------------------------------ 
                                        As above 
              Aggregated volume 
           --------------------------  -------------------------------------------------------------- 
 
   d)         Price                       As above 
           --------------------------  -------------------------------------------------------------- 
 
     e)       Date of transaction         23 October 2023 
           --------------------------  -------------------------------------------------------------- 
 
     f)       Place of transaction        Outside of trading location 
           --------------------------  -------------------------------------------------------------- 
 
 

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END

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October 27, 2023 11:52 ET (15:52 GMT)

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