17th May 2018 14:35
LONDON (Alliance News) - Non-life insurance investor Randall & Quilter Investment Holdings Ltd on Thursday proposed a return of capital to shareholders at 5.4 pence per share.
The return of capital involves the creation of Z shares from cash standing to the credit of the company's share premium account.
Shareholders are to be issued one Z shares for share held as at June 11, and then cancelled the day after, with holders of the Z shares paid the capital paid up on the Z shares.
Shares in Randall & Quilter Investment Holdings were down 1.1% at 172.60 pence on Thursday.
Related Shares:
RQIH.L