Director's/PCAs' Shareholding

RNS Number : 6917V
Helios Underwriting Plc
11 April 2023
 

 

Helios Underwriting plc

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

 

Director 's /PCA s' Shareholdings

 

Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's , was informed on 6 April 2023 that, Nigel Hanbury , Executive Deputy Chairman and p erson discharging managerial responsibilities ("PDMR") of the Company, and his three children, Elizabeth Hanbury, George Hanbury and Clementine Hanbury, each of whom are persons closely associated ("PCA") with him, have sold a number of ordinary shares of 10 pence each ("Ordinary Shares"), and subsequently repurchased the same number of Ordinary Sharesintotheir respectiveIndividual Savings Accounts(ISAs), in order to effect "Bed and ISA" trades. Details of these trades are as set out below:

Name

Position/status

No. of Ordinary Shares Sold

Sale price

No. of Ordinary Shares Repurchased

Purchase Price

Nigel Hanbury

Director/PDMR

12,450

160p

12,450

160.06p

Elizabeth Hanbury

PCA

12,450

160p

12,450

160.06p

George Hanbury

PCA

12,450

160p

12,450

160.06p

Clementine Hanbury

PCA

12,450

160p

12,450

160.06p

 

Following the completion of the above transactions , Nigel Hanbury's ultimate beneficial ownership , including shares held by his immediate family members, is unchanged and remains at 9,562,358 Ordinary Shares in total, representing approximately 12.37 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 transactions.

 

 

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.  

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Nigel Hanbury

2

Reason for the notification


a)


Position/status

 

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

 

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

c)

Price(s) and volume(s)

     

Price(s)

Volume(s)

Sale: 160p

12,450

Purchase: 160.06p

12,450


d)

Aggregated information

 

Price(s)

Volume(s)

Sale: as above

Purchase: as above

As above

As above


e)

Date of the transaction

 

6 April 2023

f)

Place of the transaction    

 

London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Elizabeth Hanbury 

2

Reason for the notification


a)


Position/status

 

PCA of Nigel Hanbury

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

 

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

c)

Price(s) and volume(s)

     

Price(s)

Volume(s)

Sale: 160p

12,450

Purchase: 160.06p

12,450


d)

Aggregated information

 

Price(s)

Volume(s)

Sale: as above

Purchase: as above

As above

As above


e)

Date of the transaction

 

6 April 2023

f)

Place of the transaction    

 

London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

George Hanbury 

2

Reason for the notification


a)


Position/status

 

PCA of Nigel Hanbury

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

 

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

c)

Price(s) and volume(s)

     

Price(s)

Volume(s)

Sale: 160p

12,450

Purchase: 160.06p

12,450


d)

Aggregated information

 

Price(s)

Volume(s)

Sale: as above

Purchase: as above

As above

As above


e)

Date of the transaction

 

6 April 2023

f)

Place of the transaction    

 

London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Clementine Hanbury 

2

Reason for the notification


a)


Position/status

 

PCA of Nigel Hanbury

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

 

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

c)

Price(s) and volume(s)

     

Price(s)

Volume(s)

Sale: 160p

12,450

Purchase: 160.06p

12,450


d)

Aggregated information

 

Price(s)

Volume(s)

Sale: as above

Purchase: as above

As above

As above


e)

Date of the transaction

 

6 April 2023

f)

Place of the transaction    

 

London Stock Exchange, AIM

 

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