Shore Capital is delighted to have acted as Nomad, Broker and Sole Bookrunner for Helios Underwriting plc (AIM: HUW) on a fundraising to raise up to £14.1m via a Placing, Subscription and Open Offer.

Helios is an AIM-quoted investment vehicle whose strategy is to build a fund of Lloyd’s underwriting capacity through the acquisition and consolidation of acquired Limited Liability Vehicles (“LLVs”), together with supporting syndicates offering relationship capacity. The Company gives Shareholders access to a diversified portfolio of (re)insurance risk which has substantially outperformed the broader Lloyd’s market.

This strategy has resulted in the Company having £290m of provisional underwriting capacity for the 2023 year of account (an increase of 25 per cent. over the Company’s 2022 year of account).

Helios expects to use the net proceeds of the fundraise to assist in the funding of the necessary underwriting capital for the 2023 underwriting year and for acquiring further LLVs.

For further information please contact:  

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Robert Finlay / David Coaten / Tom Knibbs / Rachel Goldstein

Corporate Broking: Henry Willcocks

For Shore Capital media enquiries, please contact:   Will Poulton: +44 (0)74 8038 3738