REG - Helios Underwriting - Grant of LTIP Awards

Helios UnderwritingAnnouncement

09/06/2025 13:15

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RNS Number : 0431M  Helios Underwriting Plc  09 June 2025

Helios Underwriting plc

9 June 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, announces that on 9 June
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 person(s) discharging managerial responsibilities:

 Participant     Position                       No. of Shares under Award
 Adhiraj Maitra  Chief Operating Officer     105,485
 Jen Tan         Head of Portfolio Strategy  42,194
 David Shawe     ACMA Financial Controller   31,645

The awards were granted as nil cost options and will ordinarily vest on the
third anniversary of grant, subject to the grantee's continued service and the
extent to which the award's performance conditions are satisfied.

As summarised in the table immediately below; the award's 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 award. No portion of the awards shall performance vest unless the
Company's TSR over the performance period reaches the threshold target, for
which 25% of the award would performance vest, rising on a straight line basis
to full performance vesting of the 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 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 awards are also subject to an underpin condition.

As announced on 29 May 2025 Mr Maitra will take on the new role of Director of
Finance and Operations, following the planned retirement of Arthur Manners
after the AGM later this month.

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. Adhiraj Maitra

                                                                  2. Jen Tan

                                                                  3. David Shawe

 2   Reason for Notification
 a)  Position/status                                              1. Chief Operating Officer

                                                                  2. Head of Portfolio Strategy

                                                                  3. ACMA Financial Controller

 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 of nil pence per share.

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

                                                            1. Nil

                                                                            105,485

                                                                  2. Nil    42,194

                                                                  3. Nil    31,645

 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transactions

     -  Price                                                     Nil
 e)  Date of the transaction                                      9 June 2025
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transactions

Nil

e)

Date of the transaction

9 June 2025

f)

Place of the transaction

Outside of a trading venue

 

For further information please contact:

Helios Underwriting plc

John Chambers - Interim Executive Chairman
 

Arthur Manners - Chief Financial Officer

44 (0)203 965 6441

Deutsche Numis (Nomad and
Broker)

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

 

FTI Consulting

Ed Berry
 
+44 (0)7703 330 199

Nathan Hambrook-Skinner                     +44 (0)7977 817
092

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. The
portfolio provides a broad spread of business primarily participating in the
US and other international wholesale and reinsurance markets. For further
information please visit www.huwplc.com (http://www.huwplc.com/)

 

 

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