Helios Underwriting Plc Transaction in Own Shares (3423A)

TIDMHUW

RNS Number : 3423A

Helios Underwriting Plc

22 January 2024

Helios Underwriting plc

("Helios" or the "Company")

Transaction in Own Shares

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 15 August 2023, 23 August 2023, 10 October 2023 and 18 December 2023 (the "Share Buyback Programme"), the Company purchased the following number of its ordinary shares of 10p ("Ordinary Shares") each through Deutsche Numis ("Numis").

 
 Date of purchase:                                 19 January 2024 
 Aggregate number of Ordinary Shares purchased:             66,000 
 Lowest price paid per share (GBp):                         147.00 
 Highest price paid per share (GBp):                        150.00 
 Volume weighted average price paid per share 
  (GBp):                                                  149.8636

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 77,945,833 of which 2,983,097 of its Ordinary Shares are held in treasury, which attract no voting rights. Therefore, the total voting rights in the Company will be 74,962,736. 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    Aggregated volume 
           price (pence per share) 
  AIMX            149.8636                66,000 
         -------------------------  ------------------

Individual information:

 
 Numbers of shares   Transaction price    Time of transaction        Venue 
     purchased        (pence per share) 
       3000                147.00               11:12:27        00068529395TRLO0 
                    -------------------  --------------------  ----------------- 
       63000               150.00               12:02:07        00068530483TRLO0 
                    -------------------  --------------------  -----------------

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

Deutsche 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 GBP501m 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 .

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END

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January 22, 2024 02:00 ET (07:00 GMT)

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