REG - Chesnara PLC - Block Listing Application

ChesnaraAnnouncement

29/09/2022 07:00

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RNS Number : 0112B  Chesnara PLC  29 September 2022

 LEI Number: 213800VFRMBRTSZ3SJ06

 

29 September 2022

CHESNARA plc

APPLICATION FOR BLOCK LISTING

Chesnara plc ("Chesnara" or the "Company")(CSN.L), 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 1,000,000
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:

·      793,000 to be issued pursuant to the Chesnara Short-Term
Incentive (STI) Scheme and Long-Term Incentive (LTI) Scheme;

·      206,000 to be issued pursuant to the Chesnara Share Save Scheme;
and

·      1,000 to be issued pursuant to the Scildon Staff Incentive
Scheme.

 

It is anticipated that the block listing will be adequate to satisfy the
maximum foreseeable requirements of staff incentive schemes over the next
eighteen months.

 

It is expected that admission will become effective on 4 October 2022.  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

 

Notes to Editors

Chesnara is a European life and pensions consolidator listed on the London
Stock Exchange.  It administers approximately one million policies and
operates as Countrywide Assured and CASLP in the UK, as The Waard Group,
Robein Leven N.V. 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 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 18 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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