Director/PDMR Shareholding

Conduit Holdings Limited
25 March 2024
 

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 Elaine Whelan, a person discharging managerial responsibilities in CHL ("PDMR"). At vesting, Elaine Whelan acquired a total of 48,419 common shares. Elaine's total current shareholding ownership interest now stands at 281,685 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

Elaine Whelan

2

Reason for the Notification

a)

Position/status

Elaine Whelan - 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)

37,119

d)

Aggregated information

Aggregated volume

Price

37,119 common shares

 

£134,964.68 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

Elaine Whelan

2

Reason for the Notification

a)

Position/status

Elaine Whelan - 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)

£4.7680

Volume(s)

11,300

d)

Aggregated information

Aggregated volume

Price

11,300 common shares

 

£53,878.40 aggregated total

 

£4.7680 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

Neither the content of Conduit's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a regulated information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in Conduit.

 

 

 

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