R&Q completes name change following botched deal
It’s Randall & Quilter Investment Holdings no more – the non-life insurance group has completed a name change to R&Q Insurance Holdings.
Approved by shareholders by way of a special resolution, the shift in identity comes nearly eight weeks following the soured deal with Brickell PC Insurance Holdings, which initially intended to acquire the entire issued ordinary share capital of R&Q.
Read more: Deal to sell R&Q falls through
Meanwhile R&Q clarified: “The name change does not affect the rights of the company’s shareholders, and existing share certificates should be retained and will remain valid. Any new share certificates will be issued in the name R&Q Insurance Holdings Ltd.
“No further action is required by existing shareholders with respect to the name change.”
R&Q, which fundraised US$129.5 million following its failed sale, did not elaborate on the firm’s reasoning behind the identity tweak.