REG - Chesnara PLC - Director/PDMR Shareholding

ChesnaraAnnouncement

19/10/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221019:nRSS3286Da&default-theme=true

RNS Number : 3286D  Chesnara PLC  19 October 2022

 LEI Number: 213800VFRMBRTSZ3SJ06

 

19 October 2022

 

CHESNARA plc
("Chesnara", the "Company" or the "Group")

 

NOTIFICATION OF PDMR DEALING AND TOTAL VOTING RIGHTS

 

 

Chesnara today announces that the following PDMR has exercised options over
99,044 ordinary shares of 5 pence each in the capital of the Company
("Ordinary Shares") as a result of the vesting of the awards made under the
2014 Chesnara Long Term Incentive Scheme.  Of these, 47,960 Ordinary Shares
were sold to cover liability to tax and national insurance contributions
arising on vesting, with the balance being retained.  The allotment of the
99,044 Ordinary Shares has been satisfied via the Group's existing block
listing arrangements.

 

Further, in conformity with 5.6.1 of the Disclosure Guidance and Transparency
Rules, as at the date of this announcement the Company's issued share capital
consisted of 150,256,495 Ordinary Shares and, with no Ordinary Shares in
Treasury, this too was the number of voting rights.

 

This figure of 150,256,495 may be used by shareholders as the denominator for
the calculations by which they will determine if 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.

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                                            Steve Murray
 2   Reason for the notification
 a)  Position/status                                                                 Group Chief Executive Officer
 b)  Initial notification /Amendment                                                 Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                                            Chesnara plc
 b)  LEI                                                                             213800VFRMBRTSZ3SJ06
 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 and identification  Chesnara plc Ordinary Shares
     code

                                                                                     ID Code: (GB00B00FPT80)
 b)  Nature of the transaction                                                       1.   Exercise of options over 99,044 Ordinary Shares following vesting of
                                                                                     the conditional awards under the 2014 Long Term Incentive scheme.

                                                                                     2.   47,960 Ordinary Shares sold to cover tax and social security
                                                                                     obligations
 c)  Price(s) and volume(s)                                                          1.   Price(s): nil.               Volume: 99,044.

                                                                                     2.   Price(s): 265.5325p.  Volume: 47,960.
 d)  Aggregated information                                                          N/A
 e)  Date of the transaction                                                         1.   18(th) October 2022

                                                                                     2.   18(th) October 2022
 f)  Place of the transaction                                                        1.   XOFF

                                                                                     2.   London Stock Exchange (XLON)

 The above notification is made in accordance with the requirements of the EU
Market Abuse Regulation.

 

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 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/) ).

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHGPGPUUUPPGBR