Business
Proposed Fundraising
Proposed Fundraising.
About this update from Helios Underwriting Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3026B\n Helios Underwriting Plc\n 07 October 2020\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN HELIOS UNDERWRITING PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF HELIOS UNDERWRITING PLC. \n \n \n MEMBERS OF THE PUBLIC SHALL NOT BE ELIGIBLE TO TAKE PART IN THE PROPOSED FUNDRASING, WHICH IS TO BE LIMITED TO PERSONS WHO:\n \n (i) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WITHIN THE MEANING OF ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE \"ORDER\"); OR (ii) ARE PERSONS WITHIN ARTICLE 49(2)(A) TO (D) (\"HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS ETC.\") OF THE ORDER; OR (iii) ARE PERSONS WITHIN ARTICLE 50 (\"SOPHISTICATED INVESTORS\") OF THE ORDER; OR (iv) ARE PERSONS WITHIN ARTICLE 51 (\"ASSOCIATIONS OF HIGH NET WORTH OR SOPHISTICATED INVESTORS\") OF THE ORDER; OR (v) ARE PERSONS WHO MIGHT OTHERWISE BE LAWFULLY ENTITLED TO PARTICIPATE IN THE FUNDRAISING. \n \n \n \n \n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n 7 October 2020\n \n \n \n \n \n Helios Underwriting plc\n \n \n (\"Helios\" or the \"Company\")\n \n \n \n \n \n Proposed Fundraising\n \n \n \n \n \n Further to its announcement of 10 August 2020 (the \"Announcement\"), Helios\n , the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's,\n confirms that the Board is considering a fundraising to raise £20.0 million through the issue of new ordinary shares in the Company (\"New Shares\")\n to take advantage of the attractive opportunit...