REG - Chesnara PLC - Director/PDMR Shareholding

ChesnaraAnnouncement

01/08/2024 07:00

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RNS Number : 6595Y  Chesnara PLC  01 August 2024

 LEI Number: 213800VFRMBRTSZ3SJ06

 

1(st) August 2024

 

CHESNARA plc
("Chesnara", "the Company" or the "Group")

 

NOTIFICATION OF PDMR DEALING AND TOTAL VOTING RIGHTS

 

Chesnara (CSN.L), the European life insurance consolidator, today announces
that PDMR Steve Murray has exercised options over 33,625 ordinary shares of 5
pence each in the capital of the Company ("Ordinary Shares") as a result of
the vesting of the awards made under the 2014 Chesnara Long Term Incentive
Plan.  Of these, 16,482 Ordinary Shares were sold to cover liability to tax
and national insurance contributions arising on vesting, with the balance
being retained.  The allotment of the 33,625 Ordinary Shares has been
satisfied via the Group's existing block listing arrangements.

 

Further, in conformity with 5.6.1 of the Disclosure Guidance and Transparency
Rules, as at the date of this announcement and following the exercise of
options noted above, the Company's issued share capital consisted of
150,991,019 Ordinary Shares and, with no Ordinary Shares in Treasury, this too
was the number of voting rights.

 

This figure of 150,991,019 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.

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                                            Steve Murray
 2   Reason for the notification
 a)  Position/status                                                                 Group Chief Executive Officer (and PDMR)
 b)  Initial notification /Amendment                                                 Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                                            Chesnara plc
 b)  LEI                                                                             213800VFRMBRTSZ3SJ06
 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 and identification  Chesnara plc Ordinary shares of 5 pence each (Shares)
     code

                                                                                     ID Code: (GB00B00FPT80)
 b)  Nature of the transaction                                                       1.   Exercise of options over 33,625 shares following vesting of the

                                                                               conditional awards under the 2014 Long Term Incentive Plan.

                                                                                     2.   16,482 shares sold to cover tax and social security obligations.
 c)  Price(s) and volume(s)                                                          1.   Price(s): nil.               Volume: 33,625.

                                                                                     2.   Price(s): 255.875p.     Volume: 16,482.
 d)  Aggregated information                                                          N/A
 e)  Date of the transaction                                                         1.   31(st) July 2024

                                                                                     2.   31(st) July 2024
 f)  Place of the transaction                                                        1.   XOFF

                                                                                     2.   XOFF

 

 

 

 

For further information, please contact:

 

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - sam.perowne@chesnara.co.uk (mailto:sam.perowne@chesnara.co.uk)

 

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493

E - roddy.watt@fwdconsulting.co.uk (mailto:roddy.watt@fwdconsulting.co.uk)

 

Notes to Editors

Chesnara (CSN.L) is a European life and pensions consolidator listed on the
London Stock Exchange.  It administers approximately one million policies and
operates as Countrywide Assured in the UK, as The Waard Group and Scildon in
the Netherlands, and as Movestic in Sweden.

 

Following a three-pillar strategy, Chesnara's primary responsibility is the
efficient administration of its customers' life and savings policies, ensuring
good customer outcomes and providing a secure and compliant environment to
protect policyholder interests. It also adds value by writing profitable new
business in Sweden, the Netherlands and the UK and by undertaking value-adding
acquisitions of either companies or portfolios.

 

Consistent delivery of the Company strategy has enabled Chesnara to increase
its dividend for 19 years in succession.

 

Further details are available on the Company's website (www.chesnara.co.uk
(http://www.chesnara.co.uk/) ).

 

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