Helios Underwriting - Director/PCA Shareholdings
05/04/2023 07:00
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RNS Number : 3866V Helios Underwriting Plc 05 April 2023
Helios Underwriting plc
("Helios", "Company" or the "Group")
Director's/PCA's Shareholdings
Helios, the unique investment vehicle which acquires and consolidates
underwriting capacity at Lloyd's, was informed on 4 April 2023 that Michael
Cunningham, Non-Executive Chairman, and a person discharging managerial
responsibilities ("PDMR") of the Company, on the same day sold
118,000 ordinary shares of 10 pence each ("Ordinary Shares") at a price of
162.5 pence per share, and subsequently, he and his wife each purchased 59,000
Ordinary Shares at a price of 162.5 pence per share into their Individual
Savings Accounts, in order to effect "Bed and ISA" trades.
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 - Chief Executive
+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
Shore Capital (Nomad and Broker)
Robert Finlay
+44 (0)20 7408 4080
David Coaten
Henry Willcocks
Buchanan
Helen Tarbet / Henry Wilson / 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 £297m 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 Michael Cunningham
2 Reason for the notification
a) Position/status Director and PDMR of the issuer
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 sale of Ordinary Shares and immediate purchase by way of Bed and ISA
arrangement
c) Price(s) and volume(s) Price(s) Volume(s)
Sale: 162.5p 118,000
Purchase: 162.5p 59,000
d) Aggregated information Price(s) Volume(s)
Sale: as above As above
Purchase: as above As above
e) Date of the transaction 04 April 2023
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
Price(s) Volume(s)
Sale: as above As above
Purchase: as above As above
e)
Date of the transaction
04 April 2023
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Virginia Cunningham
2 Reason for the notification
a) Position/status Person Closely Associated with Michael Cunningham, Director of the Company
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 into an ISA
c) Price(s) and volume(s) Price(s) Volume(s)
Purchase: 162.5p 59,000
d) Aggregated information Price(s) Volume(s)
Purchase: as above As above
e) Date of the transaction 04 April 2023
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
Price(s) Volume(s)
Purchase: as above As above
e)
Date of the transaction
04 April 2023
f)
Place of the transaction
London Stock Exchange, AIM
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