REG - Chesnara PLC - Director/PDMR Shareholding
31/03/2025 07:15
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RNS Number : 8117C Chesnara PLC 31 March 2025
LEI Number: 213800VFRMBRTSZ3SJ06
31(st) March 2025
CHESNARA plc
("Chesnara", "the Company" or the "Group")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY ('PDMRs')
Chesnara plc (CSN.L) announces that on 28(th) March 2025, Group Chief
Executive Steven Murray and Group Chief Financial Officer Thomas Howard (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 Steven
Murray, Thomas Howard, 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: Steven 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 28(t)(h) March 2028 and remain
exercisable up to and including 28(th) March 2035 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 28(th) March 2028 and remain exercisable up to and including
28(th) March 2035 if not exercised before that date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil GRANT 1
63,558 Ordinary shares of 5p each
Nil GRANT 2
242,754 Ordinary shares of 5p each
d) Aggregated information
- Aggregated volume - 306,312 ORDINARY SHARES OF 5P EACH
- Price - Nil
e) Date of the transaction (YYYY - MM - DD) 2025-03-28
f) Place of the transaction XOFF
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Natural person: Thomas Howard
b) Legal
person
2 Reason for the notification
a) Position/status: Group Chief Financial 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 28(t)(h) March 2028 and remain
exercisable up to and including 28(th) March 2035 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 28(th) March 2028 and remain exercisable up to and including
28(th) March 2035 if not exercised before that date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil GRANT 1
30,227 Ordinary shares of 5p each
Nil GRANT 2
129,348 Ordinary shares of 5p each
d) Aggregated information
- Aggregated volume - 159,575 ORDINARY SHARES OF 5P EACH
- Price - Nil
e) Date of the transaction (YYYY - MM - DD) 2025-03-28
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 & Chief Actuary
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 28(th) March 2028 and remain exercisable up to and including
28(th) March 2035 if not exercised before that date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 40,957 Ordinary shares of 5p each
d) Aggregated information
- Aggregated volume - 40,957 ORDINARY SHARES OF 5P EACH
- Price - Nil
e) Date of the transaction (YYYY - MM - DD) 2025-03-28
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 & 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 28(th) March 2028 and remain exercisable up to and including
28(th) March 2035 if not exercised before that date.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 37,701 Ordinary shares of 5p each
d) Aggregated information
- Aggregated volume - 37,701 ORDINARY SHARES OF 5P EACH
- Price - Nil
e) Date of the transaction (YYYY - MM - DD) 2025-03-28
f) Place of the transaction XOFF
Name of authorised official of issuer responsible for making notification: -
Al Lonie, Group Chief of Staff & Company Secretary
Date of notification: - 31(st) March 2025
The above notification is made in accordance with the requirements of the UK
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 just under 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 the UK, 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/) ).
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