Run-off investment specialist Randall & Quilter (R&Q) has received shareholder approval to buy back up to 5.37m of its own shares.
The amount available for repurchase under the agreement is equivalent to just under 10% of R&Q's outstanding ordinary share capital.
Shareholders approved the buy-back at R&Q's annual general meeting today.
R&Q's board contends that the buy-back will not constrain the company's growth objectives for 2011 or negatively impact its dividend policy.
The company plans to make a further announcement on the scale of the buy-back, noting that the number of shares repurchased, the timing and the price will be dependent on market conditions.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
