CHL PDMR RNS
CHL PDMR RNS
This announcement contains inside information for the purpose of the Market Abuse Regulation (EU) No 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended)
Pembroke, Bermuda - 25 March 2024
Conduit Holdings Limited
("CHL"; LSE ticker: CRE)
PDMR Notification
Conduit Holdings today announces the vesting of shares in respect of (i) the second tranche of the deferred share bonus award made with respect to a 2021 annual bonus, and (ii) the first tranche of the deferred share bonus award made with respect to a 2022 annual bonus. The awards were made to Stuart Quinlan, a person discharging managerial responsibilities in CHL ("PDMR"). At vesting, Stuart Quinlan acquired a total of 50,725 common shares. Stuart's total current shareholding ownership interest, including persons closely associated with him, now stands at 194,091 common shares.
PDMR Notification of Dealing Form: The notification below, made in accordance with the requirements of the Market Abuse Regulation (EU) 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended), provides further details of the transaction.
| 1 | Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | |
| a) | Name | Stuart Quinlan |
| 2 | Reason for the Notification | |
| a) | Position/status | Stuart Quinlan - PDMR |
| b) | Initial notification/amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Conduit Holdings Limited |
| b) | LEI | 21380085AE62D1BXSF19 |
| 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 | Common Shares of $0.01 par value
|
| Identification code | ISIN BMG243851091 SEDOL BN133N2 | |
| b) | Nature of the Transaction
| Acquisition of Common Shares following vesting of the second tranche of the deferred share bonus award made with respect to a 2021 annual bonus |
| c) | Price(s) and volume(s)
| Price(s) £3.6360 Volume(s) 34,166 |
| d) | Aggregated information Aggregated volume Price | 34,166 common shares
£124,227.58 aggregated total
£3.6360 per common share |
| e) | Date of the transaction | 25 March 2024 |
| f) | Place of the transaction | Outside of trading venue |
|
| Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | |
| a) | Name | Stuart Quinlan |
| 2 | Reason for the Notification | |
| a) | Position/status | Stuart Quinlan - PDMR |
| b) | Initial notification/amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Conduit Holdings Limited |
| b) | LEI | 21380085AE62D1BXSF19 |
| 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 | Common Shares of $0.01 par value
|
| Identification code | ISIN BMG243851091 SEDOL BN133N2 | |
| b) | Nature of the Transaction
| Acquisition of Common Shares following vesting of the first tranche of the deferred share bonus award made with respect to a 2022 annual bonus |
| c) | Price(s) and volume(s)
| Price(s) £4.768 Volume(s) 16,559 |
| d) | Aggregated information Aggregated volume Price | 16,559 common shares
£78,953.31 aggregated total
£4.768 per common share |
| e) | Date of the transaction | 25 March 2024 |
| f) | Place of the transaction | Outside of trading venue |
Media contacts
H/Advisors Maitland - Vikki Kosmalska / Genevieve Ryan
+44 (0) 207 379 5151
conduitre@h-advisors.global
Investor relations and other enquiries:
info@conduitreinsurance.com
Panmure Gordon (Joint Corporate Broker)
+44 (0) 207 886 2500
Berenberg (Joint Corporate Broker)
+44 (0) 203 207 7800
Peel Hunt (Joint Corporate Broker)
+44 (0) 207 418 8900
About Conduit Re
Conduit Re is a pure-play Bermuda-based reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is stable.
Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE). References to "Conduit" include Conduit Holdings Limited and all of its subsidiary companies.
Learn more about Conduit Re:
Website: https://conduitreinsurance.com/
LinkedIn: https://www.linkedin.com/company/conduit-re
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