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RNS Number : 8324K Chesnara PLC 16 April 2024
LEI Number: 213800VFRMBRTSZ3SJ06
16(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 16(th) April 2024, PDMR Tom Howard,
Executive Director and Group Chief Financial Officer designate was granted
awards over the ordinary shares of the Company under the Chesnara plc 2023
Long Term Incentive Plan. These awards were made in accordance with the
Directors' Remuneration Policy which was approved by shareholders on 16(th)
May 2023.
The notification below, which is being made in accordance with the
requirements of the UK Market Abuse Regulations, provides further detail of
the awards granted.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Natural person: Tom Howard
b) Legal
person
2 Reason for the notification
a) Position/status: Group Chief Financial Officer Designate
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 16(th) April 2027 and remain exercisable up to and including
16(th) April 2034 if not exercised before that date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 135,135 Ordinary shares of 5p each
d) Aggregated information
- Aggregated volume - 135,135 ORDINARY SHARES OF 5P EACH
- Price - Nil
e) Date of the transaction (YYYY - MM - DD) 2024-04-16
f) Place of the transaction XOFF
Name of authorised official of issuer responsible for making notification: -
Amanda Wright
Date of notification: - 16(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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