Application for Block Listing
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LEI Number: 213800VFRMBRTSZ3SJ06
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4th April 2025
CHESNARA plc
("Chesnara", "the Company" or the "Group")
APPLICATION FOR BLOCK LISTING
Chesnara, the European life and pensions consolidator, today announces that an application has been made to the FCA and the London Stock Exchange for a Block Listing of 1,500,000 ordinary shares of 5p each (the "Shares") to trading on the London Stock Exchange and to be admitted to the Official List of the FCA.
The Shares will be issued from time to time as a result of the exercise of share options pursuant to the following schemes:
· 1,300,000 to be issued pursuant to the Chesnara Short-Term Incentive Scheme (STIS) and Long-Term Incentive Plan (LTIP); and
· 200,000 to be issued pursuant to the Chesnara Save As You Earn (SAYE) Scheme
It is anticipated that the block listing will be adequate to satisfy the maximum foreseeable requirements of staff incentive schemes over the next two years.
It is expected that admission will become effective on 9 April 2025. When issued, the Shares will rank pari passu with the existing ordinary shares of the Company.
This disclosure is made pursuant to paragraph 3.5.5R of the Listing Rules.
For further information, please contact:
Investor Enquiries
Sam Perowne
Head of Strategic Development & Investor Relations
Chesnara plc
E - sam.perowne@chesnara.co.uk
Media Enquiries
Roddy Watt
Director, Capital Markets
FWD
T - 020 7280 0651 / 07714 770 493
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers just under one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands and as Movestic in Sweden.
Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in the UK, Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.
Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 20 years in succession.
Further details are available on the Company's website (www.chesnara.co.uk).
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