REG - Chesnara PLC - Director/PDMR Shareholding

ChesnaraAnnouncement

02/06/2023 14:15

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RNS Number : 5375B  Chesnara PLC  02 June 2023

 LEI Number: 213800VFRMBRTSZ3SJ06

 

2(nd) June 2023

 

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

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY ('PDMRs')

 

Chesnara plc (the 'Company') announces that on 31(st) May 2023, Steve Murray
and David Rimmington (each a PDMR) were granted awards over the ordinary
shares of the Company under the Chesnara plc 2014 Short Term Incentive
Scheme.  These awards were made in accordance with the Directors'
Remuneration Policy which was approved by shareholders on 26(th) May 2020.

 

The notifications for each PDMR below, which are being made in accordance with
the requirements of the EU Market Abuse Regulations, provide further detail of
the awards granted to each PDMR.

 

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Natural person:                                                              Steve Murray

 b)   Legal
      person
 2    Reason for the notification
 a)   Position/status:                                                             Group Chief Executive Officer
 b)   Initial notification/amendment                                               Initial notification
 3    Details of the Issuer
 a)   Name                                                                         Chesnara plc
 b)   Legal Entity Identifier:                                                     213800VFRMBRTSZ3SJ06
 4    Details of the transaction(s): Parts a-d of this section are 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  Chesnara plc Ordinary Shares of 5 pence each
      code)

                                                                                   (GB00B00FPT80)
 b)   Nature of the transaction                                                    Granted under the Chesnara 2014 Short-term Incentive Scheme, the option is not
                                                                                   subject to a performance target.

                                                                                   The option will become exercisable on 31(st) May 2026 and remain exercisable
                                                                                   up to and including 28(th) April 2032 if not exercised before that date.
 c)   Price(s) and volume(s)                                                       Price(s)                                  Volume(s)
      Nil                                                                                                                    39,953 Ordinary shares of 5p each
 d)   Aggregated information

      - Aggregated volume                                                          -    39,953 ORDINARY SHARES OF 5P EACH

      - Price                                                                      -    Nil
 e)   Date of the transaction (YYYY - MM - DD)                                     2023-05-31
 f)   Place of the transaction                                                     XOFF

 

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Natural person:                                                              David Rimmington

 b)   Legal
      person
 2    Reason for the notification
 a)   Position/status:                                                             Chief Finance Officer
 b)   Initial notification/amendment                                               Initial notification
 3    Details of the Issuer
 a)   Name                                                                         Chesnara plc
 b)   Legal Entity Identifier:                                                     213800VFRMBRTSZ3SJ06
 4    Details of the transaction(s): Parts a-d of this section are 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  Chesnara plc Ordinary Shares of 5 pence each
      code)

                                                                                   (GB00B00FPT80)
 b)   Nature of the transaction                                                    Granted under the Chesnara 2014 Short-term Incentive Scheme, the option is not
                                                                                   subject to a performance target.

                                                                                   The option will become exercisable on 31(st) May 2026 and remain exercisable
                                                                                   up to and including 28(th) April 2032 if not exercised before that date.
 c)   Price(s) and volume(s)                                                       Price(s)                                  Volume(s)
      Nil                                                                                                                    28,115 Ordinary shares of 5p each
 d)   Aggregated information

      - Aggregated volume                                                          28,115 ORDINARY SHARES OF 5P EACH

      - Price                                                                      Nil
 e)   Date of the transaction (YYYY - MM - DD)                                     2023-05-31
 f)   Place of the transaction                                                     XOFF

 

 Name of authorised official of issuer responsible for making notification: -
 Amanda Wright

 Date of notification: - 2(nd) June 2023

 

 

 

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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