Randall & Quilter Investment Holdings Ltd. announced a private placement of convertible preference shares for gross proceeds of $100 million on April 1, 2022. The transaction included participation from Brickell PC Insurance Holdings LLC. The transaction will be conditional on, among other things, the approval by shareholders of various matters at the general meeting, receipt of regulatory Ccearances and the satisfaction (or waiver) of the other conditions set out in Section 1 of Appendix III of this announcement.

The general meeting is expected to be held around the week of May 23 2022.