REG - Conduit Holdings Ltd - Director/PDMR Shareholding

Conduit HoldingsAnnouncement

13/11/2024 17:45

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RNS Number : 1495M  Conduit Holdings Limited  13 November 2024

CHL PDMR RNS

CHL PDMR RNS

 

Pembroke, Bermuda - 13 November 2024

Conduit Holdings Limited

("CHL"; LSE ticker: CRE)

PDMR Notification

Conduit Holdings today announces that Gregory Roberts, the Chief Underwriting
Officer of Conduit Reinsurance Limited and newly designated as a person
discharging managerial responsibilities in CHL ("PDMR"), on 11 November 2024
acquired a total of 6,500 of CHL's common shares of par value $0.01 per share
("Common Shares"). Mr. Robert's current beneficial ownership interest stands
at 74,652 Common Shares. In addition, Mr. Roberts holds 161,198 unvested
Common Share Awards granted subject to the terms of the CHL Long Term
Incentive Plan ("LTIP"). Vesting of these LTIP awards is conditional upon
continued employment and is also subject to the dividend equivalents and malus
and clawback provisions described in the Remuneration Policy approved at CHL's
2024 AGM, and as disclosed in the Remuneration Report set out in the 2023
Annual Report & Accounts.

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                                              Gregory Roberts
 2   Reason for the Notification
 a)  Position/status                                   Chief Underwriting Officer
 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                         Acquisition of Shares

 c)  Price(s) and volume(s)                            Price(s)

                                                       £4.81; £4.81; £4.81; £4.81

                                                       Volume(s)

                                                       2,017; 4,011; 179; 293
 d)  Aggregated information                            6,500 common shares

     Aggregated volume                                 £31,265 aggregated total

     Average Price                                     £4.81 per common share
 e)  Date of the transaction                           11 November 2024
 f)  Place of the transaction                          (XLON) London Stock Exchange - Regulated Market

Media contacts

H/Advisors Maitland - Vikki Kosmalska / Genevieve Ryan

+44 (0) 207 379 5151

conduitre@h-advisors.global

Investor relations and other enquiries:

brett.shirreffs@conduitre.bm

Panmure Liberum (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 multi-line 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

 

 

 

 

 

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