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LEI
Number: 213800VFRMBRTSZ3SJ06
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1st August 2024
CHESNARA plc
("Chesnara", "the Company" or the
"Group")
NOTIFICATION OF PDMR DEALING AND
TOTAL VOTING RIGHTS
Chesnara (CSN.L), the European life
insurance consolidator, today announces that PDMR Steve Murray has
exercised options over 33,625 ordinary shares of 5 pence each in
the capital of the Company ("Ordinary Shares") as a result of the
vesting of the awards made under the 2014 Chesnara Long Term
Incentive Plan. Of these, 16,482 Ordinary Shares were sold to
cover liability to tax and national insurance contributions arising
on vesting, with the balance being retained. The allotment of
the 33,625 Ordinary Shares has been satisfied via the Group's
existing block listing arrangements.
Further, in conformity with 5.6.1 of
the Disclosure Guidance and Transparency Rules, as at the date of
this announcement and following the exercise of options noted
above, the Company's issued share capital consisted of 150,991,019
Ordinary Shares and, with no Ordinary Shares in Treasury, this too
was the number of voting rights.
This figure of 150,991,019 may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the
FCA's Disclosure Guidance and Transparency Rules.
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1
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Details of the person discharging managerial responsibilities
/ person closely associated
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a)
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Name
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Steve Murray
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2
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Reason for the notification
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a)
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Position/status
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Group Chief Executive Officer (and
PDMR)
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b)
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Initial notification
/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a)
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Name
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Chesnara plc
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b)
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LEI
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213800VFRMBRTSZ3SJ06
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4
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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
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a)
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Description of the financial
instrument, type of instrument and identification code
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Chesnara plc Ordinary shares of 5
pence each (Shares)
ID Code: (GB00B00FPT80)
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b)
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Nature of the transaction
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1. Exercise of options
over 33,625 shares following vesting of the conditional awards
under the 2014 Long Term Incentive Plan.
2. 16,482 shares sold to
cover tax and social security obligations.
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c)
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Price(s) and volume(s)
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1. Price(s): nil.
Volume:
33,625.
2. Price(s): 255.875p.
Volume: 16,482.
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d)
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Aggregated information
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N/A
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e)
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Date of the transaction
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1. 31st July
2024
2. 31st July
2024
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f)
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Place of the transaction
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1. XOFF
2. XOFF
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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 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, the Netherlands and the UK 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 19 years
in succession.
Further details are available on the
Company's website (www.chesnara.co.uk).