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Randall & Quilter board to propose return of capital

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Randall & Quilter board to propose return of capital

Randall & Quilter Investment Holdings Ltd.'s board will propose a return of capital to the company's shareholders of 3.8 pence per ordinary share at an upcoming general meeting.

Under the proposal, shareholders will be issued one AC share for each ordinary share held on Oct. 2. On or around Oct. 3, the AC shares will be cancelled and holders will be paid 3.8 pence per AC share.

Payments are expected to be made on or around Oct. 9. The proposal is subject to the approval of the shareholders at the general meeting.