CHL PDMR RNS
CHL PDMR
RNS
Pembroke, Bermuda - 28 May
2024
Conduit Holdings Limited
("CHL" - LSE ticker: CRE)
PDMR Notification
Grant of LTIP Award
CHL, the ultimate parent company of Conduit Re, a
Bermuda-based reinsurance business, today announces that the
following awards over common shares of $0.01 par value each in CHL
were granted under the CHL Long Term Incentive Plan ("LTIP") to the
following person discharging managerial responsibilities in CHL
("PDMR"):
(1) Stuart
Quinlan, PDMR, has been awarded 84,814 as a Restricted Share
Award.
The award was granted on 5 September 2023 as nil cost
options and will ordinarily vest on the third anniversary of the
grant date, on terms that vesting is conditional upon continued
employment. Due to an administrative oversight, the grant was not
announced at the date of the transaction.
Stuart Quinlan's beneficial ownership interest (which
includes shares held by Michelle Quinlan, a Person Closely
Associated with Stuart Quinlan) stands at 194,091 common shares
excluding the unvested shares which are the subject of the
Restricted Share Award specified in this announcement.
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
|
|
|
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
|
Grant of a Restricted Share Award over common shares
under the Rules of the Conduit Holdings Limited Long Term Incentive
Plan with a price of nil pence per share.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
Nil
Volume(s)
84,814
|
|
d)
|
Aggregated information
Aggregated volume
Price
|
NOT APPLICABLE
|
|
e)
|
Date of the transaction
|
5 September 2023
|
|
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 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