Result of GM, TVR and Directors' Participations

26 November 2020

Helios Underwriting plc

("Helios" or the "Company")

Result of General Meeting

Transaction in Own Shares

Total Voting Rights

and

Directors' Participation

Result of General Meeting

Further to the Company's announcements of 2 November 2020 and 24 November 2020 (the "Announcements"), Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's, announces that all Resolutions put to Shareholders at the General Meeting held earlier today were duly passed.

Application has therefore been made for, in aggregate, 15,540,439 New Ordinary Shares to be admitted to trading on AIM comprising 6,372,850 Placing Shares, 3,125,000 Subscription Shares, 5,789,746 Consideration Shares and 252,843 of the Open Offer Shares for which valid applications were received under the Open Offer. Admission is expected to occur at 8.00 am on 27 November 2020. 

Transaction in Own Shares

Following the Company's acquisition of N. J. Hanbury Limited ("NJH"), the 6,291 Ordinary Shares that were owned by NJH have been transferred to treasury for no consideration. 

Total Voting Rights

Following Admission and transfer of the above 6,291 Ordinary Shares to treasury, the Company will have 33,512,176 Ordinary Shares in issue admitted to trading on AIM (excluding the 419,169 Ordinary Shares held in treasury and which do not carry voting rights). This figure 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Directors' Participation

The Directors' resulting shareholdings immediately following Admission are detailed below:

* 300,000 of Nigel Hanbury's shares are jointly owned in accordance with the Company's Joint Share Ownership Plan, as detailed in the announcement made by the Company on 14 December 2017. Includes members of his family.

** 200,000 of Arthur Manner's shares are jointly owned in accordance with the Company's Joint Share Ownership Plan, as detailed in the announcement made by the Company on 14 December 2017. Includes members of his family.

This announcement should be read in conjunction with the Announcements and the full text of the Company's circular dated 2 November 2020 ("Circular"), copies of which are available on the Company's website at www.huwplc.com. Capitalised terms in this announcement have the same meaning as given in the Circular.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

For further information, please contact:

Helios Underwriting plc

Nigel Hanbury - Chief Executive                                               +44 (0)7787 530 404 / [email protected]

Arthur Manners - Chief Financial Officer                               +44 (0)7754 965 917

Shore Capital (Nomad and Broker)

Robert Finlay                                                                               +44 (0)20 7408 4080

David Coaten    

Henry Willcocks

Willis Re Securities (Financial Adviser)

Alastair Rodger                                                                          +44 (0)20 3124 6033 /[email protected]

Quentin Perrot                                                                           +44 (0)20 3124 6499 /[email protected]

Buchanan

Helen Tarbet / Henry Wilson / 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 £70m of capacity for the 2020 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.