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R&Q Insurance Holdings Ltd
("R&Q" or the "Company")
PDMR/Director Shareholding and Total Voting Rights
R&Q announces that 1,210,707 restricted ordinary shares of 2p each ("Ordinary Shares") awarded to Thomas Solomon, a director, in August 2020, vested on 14 August 2023. To fund tax liabilities arising from the vesting Thomas Solomon has sold 541,612 Ordinary Shares which, in accordance with the share award agreement, have been purchased by the Company to be held in Treasury.
R&Q also announces that 509,672 restricted ordinary shares of 2p each ("Ordinary Shares") awarded to Patrick Rastiello, a PDMR, in September 2020, vested on 14 August 2023. To fund tax liabilities arising from the vesting Patrick Rastiello has sold 208,714 Ordinary Shares which, in accordance with the share award agreement, have been purchased by the Company to be held in Treasury.
Director Dealing
Name of Director | Total Restricted Ordinary Shares Vested | Total Ordinary Shares Sold | Total Ordinary Shares Retained | Total R&Q Ordinary Shares now held | % of voting rights |
Thomas Solomon | 1,210,707 | 541,612 | 669,095 | 1,223,957 | 0.33% |
PDMR Dealing
Name of Director | Total Restricted Ordinary Shares Vested | Total Ordinary Shares Sold | Total Ordinary Shares Retained | Total R&Q Ordinary Shares now held | % of voting rights |
Patrick Rastiello | 509,672 | 208,714 | 300,958 | 339,625 | 0.09% |
Total Voting Rights
As a result of this transaction the total issued share capital will remain 377,395,235 Ordinary Shares. Of which 3,572,697 Ordinary Shares are now held in Treasury. Therefore, the total number of voting rights will be 373,822,538 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.
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Enquiries to:
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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
1 | Details of the person discharging managerial responsibility / person closely associated
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a) |
Name |
Thomas Solomon |
2 | Reason for the notification | |
a) |
Position/status |
PDMR (Executive Director) |
b) |
Initial notification/amendment |
Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) |
Name |
R&Q Insurance Holdings Ltd |
b) |
LEI |
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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of 2 pence each of the Company | ||||
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Identification code |
Ordinary share ISIN: BMG7371X1065 | |||||
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b) |
Nature of transaction | 1. Vesting of 1,210,707 Ordinary Shares 2.Sale of 541,612 Ordinary Shares | ||||
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
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1. Par value of 2p at Grant | Par value of 2p: £24,214.14
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2 £0.53
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Sale of 541,612 shares for a total consideration of £287,054.22 |
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d) |
Aggregated information | |||||
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Aggregated volume | As above | |||||
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Price |
As above | |||||
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e) |
Date of transaction |
14 August 2023 | ||||
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f) |
Place of transaction |
Outside of trading location | ||||
1 | Details of the person discharging managerial responsibility / person closely associated
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a) |
Name |
Patrick Rastiello |
2 | Reason for the notification | |
a) |
Position/status |
PDMR (Senior Executive) |
b) |
Initial notification/amendment |
Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) |
Name |
R&Q Insurance Holdings Ltd |
b) |
LEI |
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 instrument, type of instrument |
Ordinary shares of 2 pence each of the Company | ||||
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Identification code |
Ordinary share ISIN: BMG7371X1065 | |||||
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b) |
Nature of transaction | 1. Vesting of 509,672 Ordinary Shares 2.Sale of 208,714 Ordinary Shares | ||||
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
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1. Par value of 2p at Grant | Par value of 2p: £10,034.76
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2 £0.53
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Sale of 208,714 shares for a total consideration of £110,618.53 |
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d) |
Aggregated information | |||||
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Aggregated volume | As above | |||||
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Price |
As above | |||||
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e) |
Date of transaction |
14 August 2023 | ||||
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f) |
Place of transaction |
Outside of trading location | ||||
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