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RNS Number : 3839J Conduit Holdings Limited 04 April 2024
CHL PDMR RNS
CHL PDMR RNS
Pembroke, Bermuda - 4 April 2024
Conduit Holdings Limited
("CHL" - LSE ticker: CRE)
PDMR Notification
Conduit Holdings today announces that it was notified on 3 April 2024, that:
(1) Stuart Quinlan, a person discharging managerial responsibility in CHL
("PDMR"), transferred 30,000 common shares of $0.01 par value each in CHL
("Common Shares") by way of a gift for nil consideration to Michelle Quinlan,
a person closely associated ("PCA") with Stuart Quinlan;
(2) Michelle Quinlan has, in order to effect a "Bed and ISA"
transaction, following the gift of Common Shares by Stuart Quinlan, sold
29,255 ("Common Shares") at a price of £5.11 per Common Share and then
repurchased into her Individual Savings Account (ISA) 29,255 Common Shares at
a price of £ 5.11125 per Common Share
(3) Stuart Quinlan, has in order to effect a "Bed and ISA" transaction,
sold 25,500 Common Shares at a price of £5.11 per Common Share and then
repurchased into his Individual Savings Account (ISA) 25,500 Common Shares at
a price of £5.11125 per Common Share;
The above transactions all took place on 2 April 2024.
Following these transactions Stuart Quinlan's beneficial ownership interest
(which includes shares held by PCA Michelle Quinlan) has not changed, and
stands at 194,091 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.
1 Details of the person discharging managerial responsibilities ("PDMR") /
person closely associated ("PCA")
a) Name Stuart Quinlan
2 Reason for the Notification
a) Position/status Stuart Quinlan- PDMR
b) Initial notification/amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Conduit Holdings Limited
b) LEI 21380085AE62D1BXSF19
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 Common Shares of $0.01 par value
instrument
Identification code ISIN BMG243851091
SEDOL BN133N2
b) Nature of the Transaction Gift of Common Shares to Michelle Quinlan (PCA)
c) Price(s) and volume(s) Price(s)
Nil
Volume(s)
30,000
d) Aggregated information N/A single transaction
Aggregated volume
Price
e) Date of the transaction 2 April 2024
f) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities ("PDMR") /
person closely associated ("PCA")
a) Name Michelle Quinlan
2 Reason for the Notification
a) Position/status Michelle Quinlan - PCA
b) Initial notification/amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Conduit Holdings Limited
b) LEI 21380085AE62D1BXSF19
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 Common Shares of $0.01 par value
instrument
Identification code ISIN BMG243851091
SEDOL BN133N2
b) Nature of the Transaction Sale of Common Shares
c) Price(s) and volume(s) Price(s)
£5.11
Volume(s)
29,255
d) Aggregated information 29,255 Common Shares
Aggregated volume £149,493.05 aggregated total
Price £5.11 per Common Share
e) Date of the transaction 2 April 2024
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities ("PDMR") /
person closely associated ("PCA")
a) Name Michelle Quinlan
2 Reason for the Notification
a) Position/status Michelle Quinlan - PCA
b) Initial notification/amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Conduit Holdings Limited
b) LEI 21380085AE62D1BXSF19
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 Common Shares of $0.01 par value
instrument
Identification code ISIN BMG243851091
SEDOL BN133N2
b) Nature of the Transaction Purchase of Common Shares via ISA
c) Price(s) and volume(s) Price(s)
£5.11125
Volume(s)
29,255
d) Aggregated information 29,255 Common Shares
Aggregated volume £149,529.62 aggregated total
Price £5.11125 per Common Share
e) Date of the transaction 2 April 2024
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities ("PDMR") /
person closely associated ("PCA")
a) Name Stuart Quinlan
2 Reason for the Notification
a) Position/status Stuart Quinlan- PDMR
b) Initial notification/amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Conduit Holdings Limited
b) LEI 21380085AE62D1BXSF19
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 Common Shares of $0.01 par value
instrument
Identification code ISIN BMG243851091
SEDOL BN133N2
b) Nature of the Transaction Sale of Common Shares
c) Price(s) and volume(s) Price(s)
£5.11
Volume(s)
25,500
d) Aggregated information 25,500 Common Shares
Aggregated volume £130,305.00 aggregated total
Price £5.11 per Common Share
e) Date of the transaction 2 April 2024
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities ("PDMR") /
person closely associated ("PCA")
a) Name Stuart Quinlan
2 Reason for the Notification
a) Position/status Stuart Quinlan- PDMR
b) Initial notification/amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Conduit Holdings Limited
b) LEI 21380085AE62D1BXSF19
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 Common Shares of $0.01 par value
instrument
Identification code ISIN BMG243851091
SEDOL BN133N2
b) Nature of the Transaction Purchase of Common Shares via ISA
c) Price(s) and volume(s) Price(s)
£5.11125
Volume(s)
25,500
d) Aggregated information 25,500 Common Shares
Aggregated volume £130,336.88 aggregated total
Price £5.11125 per Common Share
e) Date of the transaction 2 April 2024
f) Place of the transaction London Stock Exchange (XLON)
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/ (https://conduitreinsurance.com/)
LinkedIn: https://www.linkedin.com/company/conduit-re
(https://www.linkedin.com/company/conduit-re)
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