REG - Conduit Holdings Ltd - Director/PDMR Shareholding

Conduit HoldingsAnnouncement

26/03/2025 18:00

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RNS Number : 3780C  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 - 25 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 Neil Eckert,
a person discharging managerial responsibilities in CHL ("PDMR"). At vesting,
Neil Eckert acquired a total of 81,226 Common Shares. Neil Eckert's total
current shareholding ownership interest, including persons closely associated
with him, now stands a 825,902 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                                              Neil Eckert
 2   Reason for the Notification
 a)  Position/status                                   Neil Eckert - 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                         Acquisition 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(s)

                                                       £3.6360

                                                       Volume(s)

                                                       31,916
 d)  Aggregated information                            31,916 Common Shares

     Aggregated volume                                 £116,046.57 aggregated total

     Price                                             £3.6360 per common share
 e)  Date of the transaction                           25 March 2025
 f)  Place of the transaction                          Outside of trading venue

 

 

     Details of the person discharging managerial responsibilities ("PDMR") /
     person closely associated ("PCA")
 a)  Name                                              Neil Eckert
 2   Reason for the Notification
 a)  Position/status                                   Neil Eckert - 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                         Acquisition 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)

                                                       8,776
 d)  Aggregated information                            8,776 Common Shares

     Aggregated volume                                 £41,843.96 aggregated total

     Price                                             £4.768 per Common Share
 e)  Date of the transaction                           25 March 2025
 f)  Place of the transaction                          Outside of trading venue

 

     Details of the person discharging managerial responsibilities ("PDMR") /
     person closely associated ("PCA")
 a)  Name                                              Neil Eckert
 2   Reason for the Notification
 a)  Position/status                                   Neil Eckert - 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                         Acquisition 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(s)

                                                       £5.1263

                                                       Volume(s)

                                                       40,534
 d)  Aggregated information                            40,534 Common Shares

     Aggregated volume                                 £207,789.44 aggregated total

     Price                                             £5.1263 per common share
 e)  Date of the transaction                           25 March 2025
 f)  Place of the transaction                          Outside 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.

 

 

 

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