REG - Chesnara PLC - Director/PDMR Shareholding
04/04/2024 07:00
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RNS Number : 2307J Chesnara PLC 04 April 2024
LEI Number: 213800VFRMBRTSZ3SJ06
4(th) April 2024
CHESNARA plc
("Chesnara" or "the Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY ('PDMRs')
Chesnara plc (CSN.L) announces that on 2(nd) April 2024, Steve Murray and
David Rimmington (each a PDMR) were granted awards over the ordinary shares of
the Company under the Chesnara plc 2023 Short Term Incentive Scheme.
Further, on that date, Steve Murray, Amanda Wright, Gavin Hughes and Al
Lonie (each a PDMR) were granted awards over the ordinary shares of the
Company under the Chesnara plc 2023 Long Term Incentive Plan. These awards
were all made in accordance with the Directors' Remuneration Policy which was
approved by shareholders on 16(th) May 2023.
The notifications for each PDMR below, which are being made in accordance with
the requirements of the UK 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 GRANT 1
Granted under the Chesnara 2023 Short-term Incentive Scheme. The option is not
subject to a performance target.
The option will become exercisable on 2(nd) April 2027 and remain exercisable
up to and including 2(nd) April 2034 if not exercised before that date.
GRANT 2
Granted under the Chesnara 2023 Long Term Incentive Plan, the option is
subject to performance targets over a period of three financial years.
Subject to the achievement of the performance target, the option will become
exercisable on 2(nd) April 2027 and remain exercisable up to and including
2(nd) April 2034 if not exercised before that date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil GRANT 1
58,484 Ordinary shares of 5p each
Nil GRANT 2
249,525 Ordinary shares of 5p each
d) Aggregated information
- Aggregated volume - 308,009 ORDINARY SHARES OF 5P EACH
- Price - Nil
e) Date of the transaction (YYYY - MM - DD) 2024-04-02
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: Group Finance Director
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 2023 Short-term Incentive Scheme. The option is not
subject to a performance target.
The option will become exercisable on 2(nd) April 2027 and remain exercisable
up to and including 2(nd) April 2034 if not exercised before that date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 39,807 Ordinary shares of 5p each
d) Aggregated information
- Aggregated volume - 39,807 ORDINARY SHARES OF 5P EACH
- Price - Nil
e) Date of the transaction (YYYY - MM - DD) 2024-04-02
f) Place of the transaction XOFF
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Natural person: Amanda Wright
b) Legal
person
2 Reason for the notification
a) Position/status: Group General Counsel & Company Secretary
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 2023 Long Term Incentive Plan, the option is
subject to performance targets over a period of three financial years.
Subject to the achievement of the performance target, the option will become
exercisable on 2(nd) April 2027 and remain exercisable up to and including
2(nd) April 2034 if not exercised before that date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 39,962 Ordinary shares of 5p each
d) Aggregated information
- Aggregated volume - 39,962 ORDINARY SHARES OF 5P EACH
- Price - Nil
e) Date of the transaction (YYYY - MM - DD) 2024-04-02
f) Place of the transaction XOFF
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Natural person: Gavin Hughes
b) Legal
person
2 Reason for the notification
a) Position/status: Group Chief Risk 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 2023 Long Term Incentive Plan, the option is
subject to performance targets over a period of three financial years.
Subject to the achievement of the performance target, the option will become
exercisable on 2(nd) April 2027 and remain exercisable up to and including
2(nd) April 2034 if not exercised before that date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 42,015 Ordinary shares of 5p each
d) Aggregated information
- Aggregated volume - 42,015 ORDINARY SHARES OF 5P EACH
- Price - Nil
e) Date of the transaction (YYYY - MM - DD) 2024-04-02
f) Place of the transaction XOFF
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Natural person: Al Lonie
b) Legal
person
2 Reason for the notification
a) Position/status: Group Chief of Staff
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 2023 Long Term Incentive Plan, the option is
subject to performance targets over a period of three financial years.
Subject to the achievement of the performance target, the option will become
exercisable on 2(nd) April 2027 and remain exercisable up to and including
2(nd) April 2034 if not exercised before that date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 37,681 Ordinary shares of 5p each
d) Aggregated information
- Aggregated volume - 37,681 ORDINARY SHARES OF 5P EACH
- Price - Nil
e) Date of the transaction (YYYY - MM - DD) 2024-04-02
f) Place of the transaction XOFF
Name of authorised official of issuer responsible for making notification: -
Amanda Wright
Date of notification: - 4(th) April 2024
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 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, the Netherlands and the UK 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 19 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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