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13 June 2024Insurance

R&Q in agony: shares trade down ca 82% on threat of liquidation

LSE-listed shares of specialty and legacy insurance group R&Q Holdings shed an immediate 72% on news of a possible liquidation, then slid further to flatline the remainder of the session with losses in excess of 80% as shareholders fled the scene.

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More on this story

R&Q careens towards default as asset sale drags on, mulls liquidation

13 June 2024 Rescue efforts tied hands and brought 'significant’ costs; original asset sale in doubt.

R&Q in lock-up deal over Accredited sale; anticipates significant cut in proceeds

25 April 2024 Closing proceeds now expected between $65m and $110m, down from $170m to $210m.

R&Q’s $465m Accredited sale scrapes through amid shareholder split, challenges remain

12 January 2024 R&Q shareholders narrowly pass contentious Accredited sale with a 55% to 45% vote.

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