25 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:
|
24 January
2024
|
Aggregate number of Ordinary Shares
purchased:
|
50,000
|
Lowest price paid per share
(GBp):
|
150.00
|
Highest price paid per share
(GBp):
|
150.00
|
Volume weighted average price paid
per share (GBp):
|
150.00
|
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 3,149,097
of its Ordinary Shares are held in treasury, which
attract no voting rights. Therefore, the total voting rights in the
Company will be 74,796,736.
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 price (pence per share)
|
Aggregated volume
|
AIMX
|
150.00
|
50,000
|
Individual information:
Numbers
of shares purchased
|
Transaction price (pence per share)
|
Time of
transaction
|
Venue
|
50,000
|
150.00
|
10:43:49
|
AIMX
|
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
£501m 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.