CHL PDMR RNS
CHL PDMR RNS
Pembroke, Bermuda - 13 November 2024
Conduit Holdings Limited
("CHL"; LSE ticker: CRE)
PDMR Notification
Conduit Holdings today announces that Gregory Roberts, the Chief Underwriting Officer of Conduit Reinsurance Limited and newly designated as a person discharging managerial responsibilities in CHL ("PDMR"), on 11 November 2024 acquired a total of 6,500 of CHL's common shares of par value $0.01 per share ("Common Shares"). Mr. Robert's current beneficial ownership interest stands at 74,652 Common Shares. In addition, Mr. Roberts holds 161,198 unvested Common Share Awards granted subject to the terms of the CHL Long Term Incentive Plan ("LTIP"). Vesting of these LTIP awards is conditional upon continued employment and is also subject to the dividend equivalents and malus and clawback provisions described in the Remuneration Policy approved at CHL's 2024 AGM, and as disclosed in the Remuneration Report set out in the 2023 Annual Report & Accounts.
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 | Gregory Roberts |
| 2 | Reason for the Notification | |
| a) | Position/status | Chief Underwriting Officer |
| 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 Shares |
| c) | Price(s) and volume(s)
| Price(s) £4.81; £4.81; £4.81; £4.81 Volume(s) 2,017; 4,011; 179; 293 |
| d) | Aggregated information
Aggregated volume
Average Price | 6,500 common shares
£31,265 aggregated total
£4.81 per common share |
| e) | Date of the transaction | 11 November 2024 |
| f) | Place of the transaction | (XLON) London Stock Exchange - Regulated Market |
Media contacts
H/Advisors Maitland - Vikki Kosmalska / Genevieve Ryan
+44 (0) 207 379 5151
conduitre@h-advisors.global
Investor relations and other enquiries:
brett.shirreffs@conduitre.bm
Panmure Liberum (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 multi-line 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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