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On 23 July 2024, Helios Underwriting plc completed its share buy-back programme by purchasing 2,466,666 ordinary shares at 150p per share through Deutsche Numis. The repurchased shares will be held in treasury, resulting in an issued ordinary share capital of 78,110,302, with 5,667,335 shares held in treasury and total voting rights of 72,442,947.
| Date | 23 Jul 2024 |
| Time | 17:05:00 |
| Category | Capital structure |
| ID | 5295X |
23 July 2024
Helios Underwriting plc
("Helios" or the "Company")
Completion of Share Buy-Back
Helios, the investment vehicle which builds shareholder value through exposure to Lloyd's, announces that, in accordance with the terms of its share buyback programme announced on 19 June 2024 (the "Programme"), the Company today purchased 2,466,666 ordinary shares of 10p ("Ordinary Shares") each at 150p per share through Deutsche Numis ("Numis"). This completes the Programme.
The repurchased shares will be held by the Company in treasury. Following the purchase and settlement of these shares, the Company's issued ordinary share capital is 78,110,302 of which 5,667,335 of its Ordinary Shares are held in treasury, which attract no voting rights. Therefore, the total voting rights in the Company will be 72,442,947. This figure for the total number of voting rights 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, the Company under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Numis as part of the Share Buyback Programme.
Aggregate information:
|
Venue |
Volume-weighted average price (pence per share) |
Aggregated volume |
|
AIMX |
150.00 |
2,466,666 |
Individual information:
|
Numbers of shares purchased |
Transaction price (pence per share) |
Time of transaction |
Venue |
|
2,466,666 |
150.00 |
13:18:58 |
AIMX
|
For further information, please contact:
Helios Underwriting plc
Michael Wade - Chairman +44 (0)203 880 7518
Arthur Manners - Chief Financial Officer +44 (0)203 965 6441
Deutsche Numis (Nomad and Broker)
Giles Rolls / Charles Farquhar +44 (0)20 7260 1000
FTI Consulting
Ed Berry / Tom O'Brien +44 (0)7703 330 199 / +44 (0)7929 021 492
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 £512m of capacity for the 2024 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.