Director/PDMR Shareholding

RNS Number : 5779U
Helios Underwriting Plc
06 December 2021
 

 

Helios Underwriting plc

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

 

Director 's Shareholding  

 

Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's ,   was informed on 3 December 2021 that , on the same day,   The 1609 Fund Ltd , which is under the management of ILS Capital Management Ltd, a Company which Tom Libassi, Non-Executive   Director of the Company , co-founde d and is managing partner   of, purchased 15,000 ordinary shares of 10 pence each ("Ordinary Shares") in the Company at 168.67 pence each. Mr Libassi is also a director of The 1609 Fund Ltd.

Following the completion of the above transaction ,   f unds under   management of, or associated with, ILS Capital Management Ltd,   hold in aggregate   13,362,000 Ordinary Shares, representing approximately 19.4   per cent. of the Company's total voting rights.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the transaction.

 

 

For further information please contact:

 

Helios Underwriting plc

Nigel Hanbury - Chief Executive  +44 (0)7787 530 404 / nigel.hanbury@huwplc.com

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

 

Willis Re Securities (Financial Adviser)

Alastair Rodger                                                                           +44 (0)20 3124 6033

 

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 £137m of capacity for the 2021 account based on the LLV acquisitions completed to date in 2021. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Tom Libassi

2

Reason for the notification


a)


Position/status

 

Non-Executive Director, a 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 pe nce each

 

ISIN - GB00B23XLS45

b)

Nature of the transaction

 

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

     

Price(s)

Volume(s)

Purchase: 168.67

15,000

 

d)

Aggregated information

 

Price(s)

Volume(s)

Purchase: as above

As above

 

e)

Date of the transaction

 

3 December 2021

f)

Place of the transaction    

 

London Stock Exchange, AIM

 

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