Director/PDMR Dealing and Total Voting Rights
Summary by AI BETAClose X
13 November 2026
Helios Underwriting plc
("Helios" or the "Company")
Director/PDMR Dealing, Correction of Previous Director/PDMR Dealing Disclosure and Total Voting Rights
Helios, the only publicly traded company offering instant access to a diverse portfolio of syndicates at Lloyd’s of London, the world’s largest insurance market, announces a correction to a previous disclosure concerning the shareholding of Andrew Christie, Non-Executive Director of the Company, a person discharging managerial responsibilities ("PDMR"), and provides details of transactions undertaken by Mr Christie in connection with the Company's Tender Offer, the results of which were announced on 30 October 2026 (the “Tender Offer”).
Correction of previous disclosure
The Company announced on 13 December 2022 that, following the transaction disclosed in that announcement, Mr Christie's resultant beneficial interest in the Company's ordinary shares of 10 pence each ("Ordinary Shares") was 34,551 Ordinary Shares.
The Company has subsequently identified that, as a result of a clerical error, the resultant holding stated in that announcement was incorrect. Mr Christie's correct resultant holding at that time was 35,551 Ordinary Shares.
Following the subsequent receipt of scrip dividends in 2024 and 2025, Mr Christie's holding increased to 35,920 Ordinary Shares immediately prior to the Tender Offer.
Tender Offer and corrective purchase
As announced on 30 October 2026, the Company undertook the Tender Offer pursuant to which eligible shareholders were able to tender Ordinary Shares at a price of 269p per Ordinary Share (the "Tender Price").
As a result of an administrative error by Mr Christie's custodian bank, 6,009 Ordinary Shares held by Mr Christie were sold pursuant to the Tender Offer at the Tender Price. Mr Christie had intended that only 1,050 Ordinary Shares be sold pursuant to the Tender Offer, being the number of Ordinary Shares representing the same proportion of his holding as the proportion successfully tendered by other shareholders under the Tender Offer.
In order to rectify the effect of this administrative error and restore Mr Christie to the position he would have been in had only 1,050 Ordinary Shares been sold pursuant to the Tender Offer, on 13 November 2026 Mr Christie purchased back 4,959 Ordinary Shares at the Tender Price from the Company.
Following this purchase, Mr Christie has a resulting beneficial interest in 34,870 Ordinary Shares.
No further directors or PDMRs tendered their shares under the Tender Offer.
Total Voting Rights
Following the correction detailed above, the Company’s issued share capital will comprise 73,363,432 Ordinary Shares of which 6,529,087 are held in treasury. Therefore, the total voting rights in Helios will be 66,834,345. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.
The notifications below, which have been made in accordance with the requirement of the UK Market Abuse Regulation, provide further details.
For further information, please contact:
Helios Underwriting plc
Louis Tucker – Chief Executive Officer +44 (0)20 3965 6441
Adhiraj Maitra – Director of Finance and Operations +44 (0)20 3743 2114
Peel Hunt (Nomad, Broker and Financial Adviser)
Dan Webster / Andrew Buchanan / Martin Frowde +44 (0)20 7418 8900
Singer Capital Markets (Joint Broker)
Charles Leigh-Pemberton / Russell Cook / James Todd +44 (0)20 7496 3000
FTI Consulting
Ed Berry +44 (0)7703 330 199
Christian Harte +44 (0)7974 288 763
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. The portfolio provides a broad spread of business primarily participating in the US and other international wholesale and reinsurance markets. 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
|
Andrew Christie |
||||||
|
2 |
Reason for the notification |
|||||||
|
|
|
Director |
||||||
|
b) |
Initial notification/Amendment
|
Initial Notification |
||||||
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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
|
Disposal of Ordinary Shares pursuant to the Tender Offer |
||||||
|
c) |
Price(s) and volume(s)
|
|
||||||
|
d) |
Aggregated information
|
|
||||||
|
e) |
Date of the transaction |
3 November 2026 |
||||||
|
f) |
Place of the transaction
|
London Stock Exchange, AIM |
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||||
|
a) |
Name
|
Andrew Christie |
||||||
|
2 |
Reason for the notification |
|||||||
|
|
|
Director |
||||||
|
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
|
Purchase of Ordinary Shares to rectify the administrative error described above |
||||||
|
c) |
Price(s) and volume(s)
|
|
||||||
|
d) |
Aggregated information
|
|
||||||
|
e) |
Date of the transaction |
12 November 2026 |
||||||
|
f) |
Place of the transaction
|
London Stock Exchange, AIM |
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