REG - Chesnara PLC - Directorate Change

ChesnaraAnnouncement

09/04/2024 17:00

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RNS Number : 9171J  Chesnara PLC  09 April 2024

 LEI Number: 213800VFRMBRTSZ3SJ06

 

9(th) April 2024

 

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

 

CHANGE OF DIRECTORSHIP

 

 

 

 

Listing Rule 9.6.11R - Notification of Board Changes and Directors Details

In accordance with Listing Rule 9.6.11R, the Company advises that Mark
Hesketh, Independent Non-Executive Director of Chesnara plc, will be stepping
down from the Board of Chesnara plc with immediate effect. 1 

Mark Hesketh will be appointed also with immediate effect, to the role of
Chair of the Board of the Company's  UK business Countrywide Assured plc.
Countrywide Assured plc is a wholly owned subsidiary of Chesnara plc.

There is no further information which would require disclosure under 9.6.11R
of the Listing Rules.

 

 

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, the Netherlands and the UK as well as 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/) ).

 

 1  In line with LR 9.8.6R, the Company is pleased to report that it now has
at least 40% female directors on the Board of Chesnara plc achieving this
ahead of its planned target date of 31(st) December 2025.

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