REG - Chesnara PLC - Director/PDMR Shareholding

ChesnaraAnnouncement

29/10/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241029:nRSc9462Ja&default-theme=true

RNS Number : 9462J  Chesnara PLC  29 October 2024

 LEI Number: 213800VFRMBRTSZ3SJ06

 

29(th) October 2024

 

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 17,259 options to subscribe for ordinary shares of
5 pence each in the capital of the Company ("2024 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 2024 SAYE Scheme Options have an exercise price, calculated
in accordance with the rules of the SAYE Scheme, of 204.20p for each 2024 SAYE
Scheme Option. Subject to the rules of the SAYE Scheme, participants will be
able to exercise their 2024 SAYE Scheme Options within six-months commencing 1
December 2027.

 

Including the PDMRs and PCAs referred to above, a total of 34 employees
participated in the 2024 invitation with a total of 102,015 2024 SAYE Scheme
Options being granted.

 

The following notifications have been made in accordance with the requirements
of the UK Market Abuse Regulation.

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                                            Tom Howard
 2   Reason for the notification
 a)  Position/status                                                                 Group Chief Financial 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): 204.20p               Volume: 9,084.

 d)  Aggregated information                                                          N/A
 e)  Date of the transaction                                                         25(th) October 2024

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

 

 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): 204.20p               Volume: 3,633.

 d)  Aggregated information                                                          N/A
 e)  Date of the transaction                                                         25(th) October 2024

 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): 204.20p               Volume: 4,542.

 d)  Aggregated information                                                          N/A
 e)  Date of the transaction                                                         25(th) October 2024

 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 over 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 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 20 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  DSHPPGBAUUPCGBR