Helios Underwriting - Director's Shareholding

Helios Underwriting

21/08/2023 11:40

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RNS Number : 9449J  Helios Underwriting Plc  21 August 2023

21 August 2023

Helios Underwriting plc

("Helios" or the "Company")

 

Director's Shareholding

Helios, the investment vehicle which builds shareholder value through
exposure to Lloyd's, was informed on 18 August 2023 that The 1609 Fund Ltd,
which is under the management of ILS Capital Management Ltd, a company which
Tom Libassi, Non-Executive Director of the Company, co-founded and is managing
partner of, on the same day acquired 6,500 ordinary shares of 10 pence each
("Ordinary Shares") at a price of 115 pence per share. Mr Libassi is also a
director of The 1609 Fund Ltd.

The notifications below, which has been made in accordance with the
requirement of the EU Market Abuse Regulation, provide further details.

For further information, please contact:

 

Helios Underwriting plc

Martin Reith - CEO
              +44 (0)7720 292 505

Nigel Hanbury - Executive Deputy Chairman          +44 (0)7787 530
404

Arthur Manners - Chief Financial Officer                 +44 (0)7754
965 917

 

Numis (Nomad and Broker)
 

Giles Rolls / Charles
Farquhar
+44 (0)20 7260 1000

 

 

Buchanan (PR)

Helen Tarbet / George Beale
                                +44 (0)7872 604
453

 
                                      +44 (0)20 7466
5111

 About Helios

Helios provides a limited liability direct investment into the Lloyd's
insurance market and is quoted on the London Stock Exchange's AIM market
(ticker: HUW). Helios trades within the Lloyd's insurance market writing
approximately £310.8m of capacity for the 2023 account. The portfolio
provides a good spread of business being concentrated in property &
casualty insurance and reinsurance. For further information please
visit www.huwplc.com (http://www.huwplc.com/) .

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Thomas Libassi

 2   Reason for the notification
 a)  Position/status                                              Director

 b)  Initial notification/Amendment                               Initial Notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Helios Underwriting Plc
 b)  LEI                                                          213800FX86DJW5TCM864
 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 instrument  Ordinary Shares of 10 pence each

     Identification code                                          ISIN - GB00B23XLS45
 b)  Nature of the transaction                                    On market purchase of Ordinary Shares

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

                                                            Purchase: 115p  6,500

 d)  Aggregated information                                       Price(s)  Volume(s)

                                                            As above  As above

 e)  Date of the transaction                                      18 August 2023
 f)  Place of the transaction                                     London Stock Exchange, AIM

d)

Aggregated information

 

 Price(s)  Volume(s)
 As above  As above

e)

Date of the transaction

18 August 2023

f)

Place of the transaction

 

London Stock Exchange, AIM

 

 

 

 

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