Helios Underwriting Plc (AIM:HUW) entered into a conditional agreement to acquire Nameco (No. 1113) Limited from Nigel Hanbury for £2 million on June 13, 2019. The consideration is payable in shares of Nameco at completion. The transaction is subject to approval from shareholders of Helios Underwriting, approval by Lloyd 's of London of the change of control and admission of consideration shares. The transaction will terminated if the conditions precedent are not satisfied or waived by no later than July 18, 2019.