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LEI Number: 213800VFRMBRTSZ3SJ06
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11th July 2023
CHESNARA plc
("Chesnara", "the Company" or the "Group")
NOTIFICATION OF PDMR DEALING
Chesnara (CSN.L), the European life insurance consolidator, today announces that PDMR Steve Murray has exercised options over 20,722 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") as a result of the vesting of awards made under the 2014 Chesnara Long Term Incentive Scheme. Of these, 10,091 Ordinary Shares were sold to cover liabilities to tax and national insurance contributions arising on vesting, with the balance being retained. The allotment of the 20,722 Ordinary Shares has been satisfied via the Group's existing block listing arrangements.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 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, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Chesnara plc |
| b) | LEI | 213800VFRMBRTSZ3SJ06 |
| 4 | Details of the transaction(s): section 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 and identification code | Chesnara plc Ordinary shares of 5 pence each (Shares) ID Code: (GB00B00FPT80) |
| b) | Nature of the transaction
| 1. Exercise of options over 20,722 shares following vesting of the conditional awards under the 2014 Long Term Incentive scheme. 2. 10,091 shares sold to cover tax and social security obligations. |
| c) | Price(s) and volume(s) | 1. Price(s): nil. Volume: 20,722. 2. Price(s): 270.9775p. Volume: 10,091. |
| d) | Aggregated information | N/A |
| e) | Date of the transaction | 1. 10th July 2023 2. 11th July 2023 |
| f) | Place of the transaction | 1. XOFF 2. XOFF |
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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