Helios Underwriting - Grant of LTIP Awards

Helios Underwriting

04/12/2025 17:42

RNS Number : 3529K

Helios Underwriting Plc

04 December 2025

 

Helios Underwriting plc

4 December 2025

 

Helios Underwriting plc

("Helios", the "Company" or the "Group")

Notification and public disclosure of transactions by PDMRS

Grant of LTIP Awards

Helios, the only publicly traded company offering instant access to a diverse portfolio of syndicates at Lloyd's of London, the world's largest insurance market, announces that on 3 December 2025 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 persons discharging managerial responsibilities:

Participant
Position
Award Designation
Number of Shares under Award
Normal Vesting Date
Louis Tucker
Chief Executive Officer
LTIP Award with performance criteria
289,575
03.12.2028
Louis Tucker
Chief Executive Officer
LTIP Award without performance criteria
Part I: 28,015
Part II: 36,043
Part I: 01.03.2027
Part II: 01.03.2028
Jen Tan
Head of Portfolio Strategy
LTIP Award without performance criteria
51,063
09.10.2026

The Awards were granted as nil cost options.

The Awards will ordinary vest on their associated Normal Vesting Date, subject to the grantee's continued service.

The Normal LTIP Award to Mr Tucker is subject to performance conditions. As summarised in the table immediately below; such performance conditions set threshold to stretch targets in respect of Company's total shareholder return ("TSR") over the three year period following the grant of the Normal LTIP Award. No portion of the Normal LTIP Award shall performance vest unless the Company's TSR over the performance period reaches the threshold target, for which 25% of the Normal LTIP Award would performance vest, rising on a straight line basis to full performance vesting of the Normal LTIP Award for the Company's TSR over the performance period being equal to the stretch target or better.

The Company's TSR over the 3 year performance period
% of the Normal LTIP Award that vests
Less than 30%
Nil
30%
25%
60% or more
100%
Between 30% and 60%
Between 25% and 100% on a straight-line basis

The Normal LTIP Award is also subject to an underpin condition.

 

The information set out below is provided in accordance with the requirements of UK MAR.

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
1. Louis Tucker
2. Louis Tucker
3. Jen Tan
2
Reason for Notification
a)
Position/status
1. Chief Executive Officer
2. Chief Executive Officer
3. Head of Portfolio Strategy
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
Identification code
Ordinary Shares of 10 pence each
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 of nil pence per share.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. Nil
289,575
2. Nil
Part I: 28,015
Part II: 36,043
Accordingly over a total of
64,058
3. Nil
51,063
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
Nil
e)
Date of the transaction
3 December 2025
f)
Place of the transaction
Outside a trading venue

 

For further information, please contact:

Helios Underwriting plc

Louis Tucker - Chief Executive Officer
+44 (0)203 965 6441
Adhiraj Maitra - Director of Finance and Operations
+44 (0)203 743 2114

 

Deutsche Numis (Nomad and Broker)               

Giles Rolls / Charles Farquhar
+44 (0)20 7601 6100

                        

 

FTI Consulting

Ed Berry
+44 (0)7703 330 199
Christian Harte
+44 (0)7974 288 763

 

 

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 £512m of capacity for the 2024 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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