RNS Number : 2513F
Chesnara PLC
07 July 2023
 

 

 

LEI Number: 213800VFRMBRTSZ3SJ06

 

 

7th July 2023

 

CHESNARA plc

("Chesnara" or "the Company")

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ('PDMRs')

 

Chesnara plc (CSN.L) announces that on 6th July 2023, Steve Murray and David Rimmington (each a PDMR) were granted awards over the ordinary shares of the Company under the Chesnara plc 2023 Long Term Incentive Plan.  These awards were made in accordance with the Directors' Remuneration Policy which was approved by shareholders on 16th May 2023.

 

The notifications for each PDMR below, which are being made in accordance with the requirements of the EU Market Abuse Regulations, provide further detail of the awards granted to each PDMR.

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

b)

Natural person:                

Legalperson                                  

Steve Murray

2

Reason for the notification

a)

Position/status:

Group Chief Executive Officer

b)

Initial notification/amendment

Initial notification

3

Details of the Issuer

a)

Name

Chesnara plc

b)

Legal Entity Identifier:

213800VFRMBRTSZ3SJ06

4

Details of the transaction(s): Parts a-d of this section are to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.

a)

Description of the financial instrument, type of instrument (Identification code)

Chesnara plc Ordinary Shares of 5 pence each

(GB00B00FPT80)

b)

Nature of the transaction

Granted under the Chesnara 2014 Long Term Incentive Plan, the option is subject to performance targets over a period of three financial years.

 

Subject to the achievement of the performance target, the option will become exercisable on 6th July 2026 and remain exercisable up to and including 6th July 2033 if not exercised before that date.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

210,386 Ordinary shares of 5p each

d)

Aggregated information

- Aggregated volume

- Price

 

-    210,386 ORDINARY SHARES OF 5P EACH

-    Nil

e)

Date of the transaction (YYYY - MM - DD)

2023-07-06

f)

Place of the transaction

XOFF

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

b)

Natural person:                

Legal person                                  

David Rimmington

2

Reason for the notification

a)

Position/status:

Chief Finance Officer

b)

Initial notification/amendment

Initial notification

3

Details of the Issuer

a)

Name

Chesnara plc

b)

Legal Entity Identifier:

213800VFRMBRTSZ3SJ06

4

Details of the transaction(s): Parts a-d of this section are to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.

a)

Description of the financial instrument, type of instrument (Identification code)

Chesnara plc Ordinary Shares of 5 pence each

(GB00B00FPT80)

b)

Nature of the transaction

Granted under the Chesnara 2014 Long Term Incentive Plan, the option is subject to performance targets over a period of three financial years.

 

Subject to the achievement of the performance target, the option will become exercisable on 6th July 2026 and remain exercisable up to and including 6th July 2033 if not exercised before that date.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

115,927 Ordinary shares of 5p each

d)

Aggregated information

- Aggregated volume

- Price

 

115,927 ORDINARY SHARES OF 5P EACH

Nil

e)

Date of the transaction (YYYY - MM - DD)

2023-07-06

f)

Place of the transaction

XOFF

 

Name of authorised official of issuer responsible for making notification: - Amanda Wright

 

Date of notification: - 7th July 2023

 

 

 

 

For further information, please contact:

 

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - sam.perowne@chesnara.co.uk

 

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493 

E - roddy.watt@fwdconsulting.co.uk

 

Notes to Editors

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange.  It administers approximately one million policies and operates as Countrywide Assured and CASLP in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

 

Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

 

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 18 years in succession.

 

Further details are available on the Company's website (www.chesnara.co.uk).

 

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