REG - Chesnara PLC - Director/PDMR Shareholding

ChesnaraAnnouncement

29/12/2023 12:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231229:nRSc2217Ya&default-theme=true

RNS Number : 2217Y  Chesnara PLC  29 December 2023

 LEI Number: 213800VFRMBRTSZ3SJ06

 

29(th) December 2023

 

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

 

NOTIFICATION OF PDMR DEALING

 

Chesnara (CSN.L), the European life insurance consolidator, today announces
that Chesnara plc Group Finance Director and Person Discharging Managerial
Responsibility ("PDMR") David Rimmington has exercised options over 8,189
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 2020 Chesnara
Save As You Earn Scheme. The allotment of the Ordinary Shares has been
satisfied via the Group's existing block listing arrangement.

 

The following notification has 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                                                                            David Rimmington
 2   Reason for the notification
 a)  Position/status                                                                 Group Finance 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                                                       1.  Exercise of options over 8,189 Ordinary Shares following vesting of the
                                                                                     conditional      awards under the 2020 Save As You Earn Scheme.

                                                                                     2.  8,189 Ordinary Shares Sold
 c)  Price(s) and volume(s)                                                          1.  Price: Nil                Volume: 8,189

                                                                                     2.  Price: 260.0p         Volume: 8,189
 d)  Aggregated information                                                          N/A
 e)  Date of the transaction                                                            28(th) December 2023
 f)  Place of the transaction                                                        1.  XOFF

                                                                                     2.  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 (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/) ).

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  DSHPPGBAPUPWGUB