Director/PCA Shareholdings

RNS Number : 3866V
Helios Underwriting Plc
05 April 2023
 

Helios Underwriting plc

("Helios",   "Company"   or the "Group")

 

Director's/PCA's   Shareholdings

 

 

H elios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's, was informed   on 4 April 2023 that Michael Cunningham, Non-Executive Chairman, and a person discharging managerial responsibilities   ("PDMR") of the Company, on the same day sold 118,000 ordinary shares of 10 pence each ("Ordinary Shares")   at a price of 162.5 pence per share, and subsequently, he and his wife each purchased 59,000 Ordinary Shares at a price of 162.5 pence per share into their Individual Savings Accounts, in order to effect "Bed and ISA" trades.

 

The notifications below, which has been made in accordance with the requirement of the EU Market Abuse Regulation, provide further details.

 

For further information please contact:

 

Helios Underwriting plc

Martin Reith - Chief Executive                                 +44(0)7720 292 505

Nigel Hanbury - Executive Deputy Chairman  +44 (0)7787 530 404

Arthur Manners - Chief Financial Officer               +44 (0)7754 965 917

 

Shore Capital (Nomad and Broker)

Robert Finlay                                                               +44 (0)20 7408 4080

David Coaten 

Henry Willcocks

 

Buchanan

Helen Tarbet / Henry Wilson / George Beale       +44 (0)7872 604 453

                                                                                       +44 (0)20 7466 5111  

 

About Helios

Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately £297m of capacity for the 2023 account. The portfolio provides a good spread of business being concentrated in property & casualty insurance and reinsurance. For further information please visit www.huwplc.com .

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Michael Cunningham

2

Reason for the notification


a)


Position/status

 

Director and PDMR of the issuer

b)

Initial notification/Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Helios Underwriting Plc

b)

LEI

213800FX86DJW5TCM864

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

 

Identification code

Ordinary Shares of 10 pence each

 

ISIN - GB00B23XLS45

b)

Nature of the transaction

 

On market sale of Ordinary Shares and immediate purchase by way of Bed and ISA arrangement

c)

Price(s) and volume(s)

     

Price(s)

Volume(s)

Sale: 162.5p

118,000

Purchase: 162.5p

59,000


d)

Aggregated information

 

Price(s)

Volume(s)

Sale: as above

Purchase: as above

As above

As above


e)

Date of the transaction

04 April 2023

f)

Place of the transaction    

 

London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Virginia Cunningham

2

Reason for the notification


a)


Position/status

 

Person Closely Associated with Michael Cunningham, Director of the Company

b)

Initial notification/Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Helios Underwriting Plc

b)

LEI

213800FX86DJW5TCM864

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

 

Identification code

Ordinary Shares of 10 pence each

 

ISIN - GB00B23XLS45

b)

Nature of the transaction

 

On market purchase of Ordinary Shares into an ISA

c)

Price(s) and volume(s)

     

Price(s)

Volume(s)

Purchase: 162.5p

59,000


d)

Aggregated information

 

Price(s)

Volume(s)

Purchase: as above

As above


e)

Date of the transaction

 

04 April 2023

f)

Place of the transaction    

 

London Stock Exchange, AIM

 

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