REG - Chesnara PLC - Application for Block Listing

ChesnaraAnnouncement

04/04/2025 12:00

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RNS Number : 7416D  Chesnara PLC  04 April 2025

 LEI Number: 213800VFRMBRTSZ3SJ06

 

4(th) 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 (mailto: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 (mailto: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
(http://www.chesnara.co.uk/) ).

 

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