Director’s/PCA Shareholdings

Helios Underwriting Plc
05 June 2023
 


 

Helios Underwriting plc

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

Director's/PCA Shareholdings

Helios, the investment vehicle which builds shareholder value through exposure to Lloyd's was informed on 2 June 2023  that Michael Cunningham Non-Executive Chairman, and a person discharging managerial responsibilities ("PDMR") of the Company, on 1 June 2023 sold 23,600 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 171.0 pence per share, and subsequently, he and his wife each purchased 11,800 Ordinary Shares at a price of 171.0 pence per share into their Individual Savings Accounts, in order to effect "Bed and ISA" trades.

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

For further information, please contact:

Helios Underwriting plc

Martin Reith - CEO                                            +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

 

Numis (Nomad and Broker)                             

Giles Rolls / Charles Farquhar                          +44 (0)20 7260 1000

 

 

Buchanan (PR)

Helen Tarbet / 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: 171.0p

23,600

Purchase: 171.0p

11,800


d)

Aggregated information

 

Price(s)

Volume(s)

Sale: as above

Purchase: as above

As above

As above


e)

Date of the transaction

01 June 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: 171.0p

11,800


d)

Aggregated information

 

Price(s)

Volume(s)

Purchase: as above

As above


e)

Date of the transaction

 

01 June 2023

f)

Place of the transaction  

 

London Stock Exchange, AIM

 

 

END

 

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