REG - Helios Underwriting - Grant of LTIP Awards

Helios UnderwritingAnnouncement

04/12/2025 17:45

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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 I:  01.03.2027

                                                                                    Part II: 36,043               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  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    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                                         Not applicable - single transactions

     -  Price                                                     Nil
 e)  Date of the transaction                                      3 December 2025
 f)  Place of the transaction                                     Outside a trading venue

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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