Helios Underwriting - Grant of LTIP Award
01/06/2023 07:00
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RNS Number : 2514B Helios Underwriting Plc 01 June 2023
RNS Number:
Helios Underwriting plc
1 June 2023
Helios Underwriting plc
("Helios", the "Company" or the "Group")
Notification and public disclosure of transactions by PDMRS
Grant of LTIP Awards
Helios, the investment vehicle which builds shareholder value through exposure
to Lloyd's is pleased to announce that on 31 May 2023 the following awards
over ordinary shares of 10 pence each in the Company were granted under
the Helios Underwriting plc Long Term Incentive Plan to the following
person(s) discharging managerial responsibilities:
Participant Position No. of Shares under Award
Nigel Hanbury Executive Deputy Chairman 263,157
Arthur Manners Chief Financial Officer 228,070
The awards were granted as nil cost options and will ordinarily vest on the
third anniversary of their grant, subject to the grantee's continued service
and the extent to which the award's performance conditions are satisfied.
The award's performance conditions set threshold to stretch targets in respect
of Company's TSR over the three year period following the grant of the awards.
No portion of the awards shall performance vest unless the Company's TSR over
the performance period reaches the threshold target, for which one quarter of
the awards would performance vest, rising on a straight line basis to full
performance vesting of the awards for the Company's TSR over the performance
period being equal to the stretch target or better.
The information set out below is provided in accordance with the requirements
of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name 1. Nigel Hanbury
2. Arthur Manners
2 Reason for Notification
a) Position/status 1. Executive Deputy Chairman
2. Chief Financial Officer
b) Initial notification/Amendment Initial Announcement
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 Grant of options over ordinary shares under the Helios Underwriting plc Long
Term Incentive Plan with an option price nil pence per share.
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 1. 263,157
2. Nil 2. 228,070
d) Aggregated information
- Aggregated volume Not applicable - single transactions
- Price
e) Date of the transaction 31 May 2023
f) Place of the transaction Outside of a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
e)
Date of the transaction
31 May 2023
f)
Place of the transaction
Outside of a trading venue
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 £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.
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