30 May 2019
Helios Underwriting plc
("Helios" or the "Company")
Director's Disclosure
Helios makes the following disclosures pursuant to Rule 17 of the AIM Rules for Companies.
Michael Cunningham, the Non-Executive Chairman of the Company and who earlier in his career worked as a fund manager of venture capital trusts, was a director of Forward Media Ltd ("Forward Media") at the time it was put into a creditors' voluntary liquidation on 15 June 2009. Forward Media was dissolved on 22 December 2010 with no shortfall to creditors.
Mr Cunningham was also a director of Double Take Studios Limited ("Double Take Studios"), resigning on 19 January 2011. On 15 November 2011, within 12 months of Mr Cunningham ceasing to act as a director, Double Take Studios entered into administration and subsequently moved from administration to a creditors' voluntary liquidation on 30 April 2013. The shortfall to creditors amounted to approximately £6.1m. Double Take Studios was subsequently dissolved on 5 May 2019.
There are no further disclosures to be made pursuant to Rule 17 of the AIM Rules for Companies.
For further information please contact:
Helios Underwriting plc
Nigel Hanbury - Chief Executive 07787 530 404 / [email protected]
Arthur Manners - Chief Financial Officer 07754 965 917
Stockdale Securities Limited
Robert Finlay/David Coaten 020 7601 6100
Buchanan 020 7466 5000
Helen Tarbet
Henry Wilson
Hannah Ratcliff
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 £54m of capacity for the 2019 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.
