R&Q Insurance Holdings Ltd (AIM: RQIH) ("R&Q" or "the Company") announced on 19 June 2024 that R&Q will be filing for provisional liquidation in Bermuda in due course.
R&Q confirms that, on 21 June 2024, at approximately 15.30 Bermuda time (19.30 BST) the Company filed, in the Bermuda Supreme Court, an application to appoint Joint Provisional Liquidators to oversee the liquidation and ultimately the winding up of the Company and a petition to take the initial steps to commence that winding up of the Company.
The Company anticipates that this process will result in the prompt closing of the sale of the Company's program management business, Accredited, to funds advised by Onex Corporation, as referred to in the Company's previous announcements. The Board believes that this will provide the best possible result in the circumstances for the Company's stakeholders.
Further announcements will be made, as appropriate, in due course.
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