REG - Chesnara PLC - Director/PDMR Shareholding

ChesnaraAnnouncement

17/11/2023 15:30

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RNS Number : 8780T  Chesnara PLC  17 November 2023

 LEI Number: 213800VFRMBRTSZ3SJ06

 

17(th) November 2023

 

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

 

GRANT OF OPTIONS AND PDMR/DIRECTOR SHAREHOLDINGS

 

 

Chesnara announces that, as part of the Company's Save As You Earn Scheme
("SAYE Scheme") a total of 7,574 options to subscribe for ordinary shares of 5
pence each in the capital of the Company ("2023 SAYE Scheme Options") have
been granted to Persons Discharging Managerial Responsibility ("PDMRs") of the
Company or their Persons Closely Associated ("PCAs").

 

Under the SAYE Scheme, which was made available to all eligible employees of
the Company, the 2023 SAYE Scheme Options have an exercise price, calculated
in accordance with the rules of the SAYE Scheme, of 220.40p for each 2023 SAYE
Scheme Option. Subject to the rules of the SAYE Scheme, participants will be
able to exercise their 2023 SAYE Scheme Options within six-months commencing 1
December 2026.

 

Including the PDMRs and PCAs referred to above, a total of 36 employees
participated in the 2023 invitation with a total of 113,688 2023 SAYE Scheme
Options being granted.

 

The following notifications have been made in accordance with the requirements
of the EU Market Abuse Regulation as part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018.

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                                            Gavin Hughes
 2   Reason for the notification
 a)  Position/status                                                                 Group Chief Risk Officer (and PDMR)
 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  Ordinary shares of 5 pence each
     code

                                                                                     ID code: GB00B00FPT80
 b)  Nature of the transaction                                                       Grant of options to acquire Chesnara plc Ordinary Shares under the SAYE Scheme
 c)  Price(s) and volume(s)                                                          Option Price(s): 220.40p               Volume: 3,366.

 d)  Aggregated information                                                          N/A
 e)  Date of the transaction                                                         27(th) October 2023

 f)  Place of the transaction                                                        Outside a trading venue (XOFF)

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                                            Caitlyn Lonie
 2   Reason for the notification
 a)  Position/status                                                                 Risk Analyst and PCA of Group Chief of Staff (and PDMR) Al Lonie
 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  Ordinary shares of 5 pence each
     code

                                                                                     ID code: GB00B00FPT80
 b)  Nature of the transaction                                                       Grant of options to acquire Chesnara plc Ordinary Shares under the SAYE Scheme
 c)  Price(s) and volume(s)                                                          Option Price(s): 220.40p               Volume: 4,208.

 d)  Aggregated information                                                          N/A
 e)  Date of the transaction                                                         27(th) October 2023

 f)  Place of the transaction                                                        Outside a trading venue (XOFF)

 

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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