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RNS Number : 9565Z Chesnara PLC 19 May 2023
LEI Number: 213800VFRMBRTSZ3SJ06
19(th) May 2023
CHESNARA plc
("Chesnara", "the Company" or the "Group")
NOTIFICATION OF PDMR DEALING AND TOTAL VOTING RIGHTS
Chesnara (CSN.L), the European life insurance consolidator, today announces
that PDMRs Carol Hagh and Steve Murray have purchased ordinary shares of 5
pence each in the capital of the Company ("Ordinary Shares"). It further
announces that PDMRs Steve Murray and David Rimmington have exercised options
over 165,228 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 and 2014 Chesnara Short Term
Incentive Scheme. Of these, 81,075 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 165,228 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 150,570,190 Ordinary Shares and, with no Ordinary Shares in
Treasury, this too was the number of voting rights.
This figure of 150,570,190 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 Carol Hagh
2 Reason for the notification
a) Position/status Non-Executive Director
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 10,000 Ordinary Shares bought.
c) Price(s) and volume(s) Price: 283.411p. Volume: 10,000.
d) Aggregated information N/A
e) Date of the transaction 18(th) May 2023
f) Place of the transaction London Stock Exchange (XLON)
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 of 5 pence each (Shares)
code
ID Code: (GB00B00FPT80)
b) Nature of the transaction 1. Exercise of options over 102,438 shares following vesting of the
conditional awards under the 2014 Long Term Incentive scheme.
2. 50,922 shares sold to cover tax and social security obligations.
3. 10,710 Ordinary Shares bought.
c) Price(s) and volume(s) 1. Price(s): nil. Volume: 102,438.
2. Price(s): 276.4447p. Volume: 50,922.
3. Price(s): 274.4577p. Volume: 10,710.
d) Aggregated information N/A
e) Date of the transaction 1. 18 May 2023
2. 18 May 2023
3. 18 May 2023
f) Place of the transaction 1. XOFF
2. London Stock Exchange (XLON)
3. London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Rimmington
2 Reason for the notification
a) Position/status Chief Finance 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 of 5 pence each (Shares)
code
ID Code: (GB00B00FPT80)
b) Nature of the transaction 1. Exercise of options over 27,612 shares following vesting of the
conditional awards under the 2014 Long Term Incentive scheme.
2. Exercise of options over 35,178 shares following vesting of the
conditional awards under the 2014 Short Term Incentive scheme.
3. 30,153 shares sold to cover tax and social security obligations
c) Price(s) and volume(s) 1. Price(s): nil. Volume: 27,612.
2. Price(s): nil. Volume: 35,178.
3. Price(s): 276.4447p. Volume: 30,153.
d) Aggregated information N/A
e) Date of the transaction 1. 18 May 2023
2. 18 May 2023
3. 18 May 2023
f) Place of the transaction 1. XOFF
2. XOFF
3. London Stock Exchange (XLON)
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 approximately one million policies and
operates as Countrywide Assured and CASLP 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 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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