REG - Conduit Holdings Ltd - Transaction in Own Shares

Conduit HoldingsAnnouncement

22/07/2022 07:00

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RNS Number : 3646T  Conduit Holdings Limited  22 July 2022

 

Transactions in Own Shares

 

Conduit Holdings Limited ("Conduit Holdings" or "the Company")

 

Pembroke, Bermuda - 22 July 2022

Transactions in own shares

Conduit Holdings announces today it has purchased the following number of its
common shares of USD 0.01 par value each (ISIN Code: BMG243851091) on the
London Stock Exchange. The purchases were made by Panmure Gordon & Co
("Panmure Gordon").

 Date of purchase:                                                21 July 2022
 Aggregate number of ordinary shares of USD 0.01 each purchased:  10,000
 Lowest price paid per share (GBp):                               321p
 Highest price paid per share (GBp):                              321p
 Volume weighted average price paid per share (GBp):              321p

The Company will hold the repurchased shares in treasury to meet future
obligations under Conduit Holdings' variable incentive schemes. Following the
above transaction, the Company holds 647,823 of its common shares in treasury
and has 165,239,997 common shares in issue (including treasury shares).
Therefore, the total voting rights in the Company will be 164,592,174.

This figure for the total number of voting rights may be used by shareholders
as the denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change to their interest in,
the Company under the FCA's Disclosure Guidance and Transparency Rules.

These share purchases form part of the Company's existing buy-back programme
announced on 29 December 2021. Repurchases may be made up to and including the
conclusion of the 2023 AGM or at 6.00 p.m.UK time on 31 August 2023, whichever
is sooner.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it forms
part of Retained EU Law as defined in the European Union (Withdrawal) Act 2018
(the Market Abuse Regulation), the table below contains detailed information
of the individual trades made by Panmure Gordon as part of the buyback
programme.

Aggregated information

 Trading venue          Volume weighted average price  Aggregated volume
 London Stock Exchange  321p                           10,000

Daily Individual Transaction Details are set out below:

 Issuer Name               Transaction Date  Transaction Time  Volume  Price (GBp)  Trading Venue  Transaction Reference Code
 Conduit Holdings Limited  21 July 2022      13:01 UTC         10,000  321p         XLON           00001403899ORLO0 00005485503CALO0v1

 

Media contacts

Haggie Partners - David Haggie, Caroline Klein

+44 (0) 207 562 4444

ConduitRe@haggie.co.uk

 

Investor relations and other enquiries:

info@conduitreinsurance.com

 

Website

Further details of the Conduit Group can be found at its website:
https://conduitreinsurance.com/ (https://conduitreinsurance.com/)

 

About Conduit Re

Conduit Re is a pure play global reinsurance business based in Bermuda.
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.

 

Learn more:

Website: https://conduitreinsurance.com/ (https://conduitreinsurance.com/)

LinkedIn: https://www.linkedin.com/company/conduit-re
(https://www.linkedin.com/company/conduit-re)

Twitter: https://twitter.com/Conduit_Re (https://twitter.com/Conduit_Re)

 

Neither the content of the Company'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 Holdings.

 

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