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Helios Underwriting plc confirmed on 13 July 2023 the issue of 85,004 new ordinary shares of 10p each. These shares were issued pursuant to the scrip dividend alternative for the year ended 31 December 2022. Following this issue, the company's total issued share capital is 77,822,376 Ordinary Shares, with 77,403,207 total voting rights, and dealings are expected to commence on AIM at 8:00 a.m. on 14 July 2023.
| Date | 13 Jul 2023 |
| Time | 07:00:02 |
| Category | Capital structure |
| ID | 7965F |
13 July 2023
Helios Underwriting plc
("Helios" or the "Company")
Issue of Equity
Further to the announcement made on 4 July, the Company confirms that, pursuant to the scrip dividend alternative offered in lieu of cash for the total dividend for the year ended 31 December 2022, it has issued 85,004 new ordinary shares of 10p each ("Ordinary Shares") in satisfaction of elections received.
Application has been made to the London Stock Exchange for the new Ordinary Shares, which rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 14 July 2023. Following the issue of 85,004 Ordinary Shares pursuant to the scrip dividend elections received, the Company's issued share capital will consist of 77,822,376 Ordinary Shares. The Company holds 419,169 Ordinary Shares in Treasury. The total number of voting rights in the Company is therefore 77,403,207 Ordinary Shares.
For further information, please contact:
Helios Underwriting plc
Martin Reith - Chief Executive Officer +44 (0)7720 292 505
Nigel Hanbury - Executive Deputy Chairman +44 (0)7787 530 404
Arthur Manners - Chief Financial Officer +44 (0)7754 965 917
Numis (Nomad and Broker)
Giles Rolls / Charles Farquhar +44 (0)20 7260 1000
Buchanan (PR)
Helen Tarbet / George Beale +44 (0)7872 604 453
+44 (0)20 7466 5111
About Helios
Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately £297m of capacity for the 2023 account. The portfolio provides a good spread of business being concentrated in property & casualty insurance and reinsurance. For further information please visit www.huwplc.com.