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.