Helios Underwriting proposes £7.2m shareholder tender offer

LONDON - Helios Underwriting Plc has proposed returning up to £7.2 million to shareholders through a tender offer at 269 pence per ordinary share. The offer, which is around 17.7% higher than the market price on September 28, is based on the company's latest net asset value. Helios Underwriting is the sole publicly listed company providing access to a portfolio of Lloyd's of London syndicates.

The board approved the distribution due to strong recent results and favorable market conditions. The distribution requires shareholder approval via a tender resolution, with a meeting scheduled for October 26, 2026. Shareholders must respond to the tender offer within that time.