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CRE — Conduit Holdings News Story

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Director/PDMR Shareholding

RNS Number : 3749C

Conduit Holdings Limited

26 March 2025

 

CHL PDMR RNS

This announcement contains inside information for the purpose of the Market Abuse Regulation (EU) No 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended)

 

Pembroke, Bermuda - 26 March 2025

Conduit Holdings Limited

("CHL"; LSE ticker: CRE)

PDMR Notification

 

Conduit Holdings today announces the vesting of common shares of par value $0.01 per share ("Common Shares") in respect of (i) the third tranche of the deferred share bonus award made with respect to a 2021 annual bonus; (ii) the second tranche of the deferred share bonus award made with respect to a 2022 annual bonus and (iii) the first tranche of the deferred share bonus award made with respect to a 2023 annual bonus. The awards were made to Stuart Quinlan, a person discharging managerial responsibilities in CHL ("PDMR"). At vesting, Stuart Quinlan acquired a total of 90,252 Common Shares. Stuart's total current shareholding ownership interest, including persons closely associated with him, now stands at 284,343 Common Shares.

PDMR Notification of Dealing Form: The notification below, made in accordance with the requirements of the Market Abuse Regulation (EU) 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended), provides further details of the transaction.

1Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)NameStuart Quinlan
2Reason for the Notification
a)Position/statusStuart Quinlan - PDMR
b)Initial notification/amendmentInitial notification
3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameConduit Holdings Limited
b)LEI21380085AE62D1BXSF19
4Details 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
Common Shares of $0.01 par value
Identification codeISIN BMG243851091
SEDOL BN133N2
b)Nature of the TransactionAcquisition of Common Shares following vesting of the third tranche of the deferred share bonus award made with respect to a 2021 annual bonus
c)Price(s) and volume(s)Price: £3.6360 per Common Share
Volume(s) 34,179
d)Aggregated information
Aggregated volume
Price
34,179 Common Shares
£124,274.84 aggregated total
£3.6360 per Common Share
e)Date of the transaction25 March 2025
f)Place of the transactionOutside of trading venue
   
Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)NameStuart Quinlan
2Reason for the Notification
a)Position/statusStuart Quinlan - PDMR
b)Initial notification/amendmentInitial notification
3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameConduit Holdings Limited
b)LEI21380085AE62D1BXSF19
4Details 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
Common Shares of $0.01 par value
Identification codeISIN BMG243851091
SEDOL BN133N2
b)Nature of the TransactionAcquisition of Common Shares following vesting of the second tranche of the deferred share bonus award made with respect to a 2022 annual bonus
c)Price(s) and volume(s)Price(s)£4.768
Volume(s) 16,559
d)Aggregated information
Aggregated volume
Price
16,559 Common Shares
£78,953.31 aggregated total
£4.768 per Common Share
e)Date of the transaction25 March 2025
f)Place of the transactionOutside of trading venue
 
Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)NameStuart Quinlan
2Reason for the Notification
a)Position/statusStuart Quinlan - PDMR
b)Initial notification/amendmentInitial notification
3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameConduit Holdings Limited
b)LEI21380085AE62D1BXSF19
4Details 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
Common Shares of $0.01 par value
Identification codeISIN BMG243851091
SEDOL BN133N2
b)Nature of the TransactionAcquisition of Common Shares following vesting of the first tranche of the deferred share bonus award made with respect to a 2023 annual bonus
c)Price(s) and volume(s)Price: £5.1263 per Common Share
Volume(s) 39,514
d)Aggregated information
Aggregated volume
Price
39,514 Common Shares
£202,560.61 aggregated total
£5.1263 per Common Share
e)Date of the transaction25 March 2025
f)Place of the transactionOutside of trading venue
    Media contacts H/Advisors Maitland - Vikki Kosmalska / Genevieve Ryan +44 (0) 207 379 5151 conduitre@h-advisors.global Investor relations and other enquiries: info@conduitreinsurance.com Panmure Gordon (Joint Corporate Broker) +44 (0) 207 886 2500 Berenberg (Joint Corporate Broker) +44 (0) 203 207 7800 Peel Hunt (Joint Corporate Broker) +44 (0) 207 418 8900 About Conduit Re Conduit Re is a pure-play Bermuda-based reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is stable. Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE). References to "Conduit" include Conduit Holdings Limited and all of its subsidiary companies. Learn more about Conduit Re: Website: https://conduitreinsurance.com/ LinkedIn: https://www.linkedin.com/company/conduit-re Neither the content of Conduit's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a regulated information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in Conduit.       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 or visit 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.   END     DSHBRGDXLSDDGUL

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