HUW.L

Helios Underwriting Plc
Helios Underwriting - Results of Scrip Dividend Election
10th July 2024, 06:00
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RNS Number : 7673V
Helios Underwriting Plc
10 July 2024
 

10 July 2024

Helios Underwriting plc

("Helios" or the "Company")

 

Results of Scrip Dividend Election

Underwriting ('Helios' or the 'Company'), the only publicly traded investment company offering instant access to a diverse portfolio of insurance exposures at Lloyd's of London, the world's largest insurance market, announces that it has received elections to receive the final dividend for the year ended 31 December 2023 in the form of a Scrip Dividend from shareholdings totalling 5,030,063 ordinary shares.  This represents 06.73% of the total shares currently in issue (excluding 3,200,689 ordinary shares which are held in treasury).  164,460 new ordinary shares will be issued in lieu of a cash dividend payable.

The payment of the dividend and issue of shares pursuant to the Scrip Dividend was approved at the Company's Annual General Meeting ('AGM') on Friday 28 June 2024.

The dividend is due to be paid on Friday, 12 July 2024.  Admission of the new shares is expected to occur on the same date.

 

For further information, please contact:

Helios Underwriting plc

Michael Wade - Chairman                           

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.

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