REG - Helios Underwriting - LTIP Exercise and Total Voting Rights Update

Helios UnderwritingAnnouncement

09/06/2025 13:15

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RNS Number : 0425M  Helios Underwriting Plc  09 June 2025

Helios Underwriting plc

9 June 2025

 

Helios Underwriting plc

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

PDMR Dealing - LTIP Exercise and Total Voting Rights Update

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
its Chief Operating Officer, Mr Adhiraj Maitra (person discharging managerial
responsibilities) exercised a vested nil cost option held under the Helios
Underwriting plc Long Term Incentive Plan over 70,000 ordinary shares of 10
pence each ("Ordinary Shares") in the Company.

The option (a buy-out recruitment related award) was granted on 27 September
2024 and became exercisable from 5 March 2025.

The exercise of the option is settled in part by the transfer of 37,100
Ordinary Shares issued from the Company's treasury account to Mr Maitra and in
part with a cash payment equal to the market value of 32,900 Ordinary Shares
to meet Mr Maitra's liability to income tax and employee national insurance
arising on the exercise of the option.

Following the transaction, Mr Maitra has a beneficial holding of 37,100
Ordinary Shares which represents 0.0475% of the current issued share capital.

Following the transaction, the Company's issued ordinary share capital
consists of 78,110,302 Ordinary Shares of which a total of 5,630,255 Ordinary
Shares are held in treasury. Therefore, the total number of Ordinary Shares
with voting rights in Helios Underwriting plc is 72,480,047.

The above figure of 72,480,047 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in the Company under
the FCA's Disclosure Guidance and Transparency Rules.

The information set out below is provided in accordance with the requirements
of Article 19 of the UK Market Abuse Regulation and AIM Rule 17.

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1. Adhiraj Maitra
 2   Reason for Notification
 a)  Position/status                                              1. Chief Operating 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                                    Exercise of option over Ordinary Shares under the Helios Underwriting plc Long
                                                                  Term Incentive Plan and related acquisition of Ordinary Shares of 10 pence
                                                                  each in Helios Underwriting plc (or, as to 47% of the vested shares, cash in
                                                                  lieu of such shares).

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

                                                            1. Nil

                                                                            70,000

                                                                       (settled by the transfer of 37,100 Ordinary Shares and in part with a cash
                                                                       payment equal to the market value of 32,900 shares)

 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transaction

     -  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 transaction

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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