REG - Conduit Holdings Ltd - Director/PDMR Shareholding

Conduit HoldingsAnnouncement

28/05/2024 07:00

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RNS Number : 9616P  Conduit Holdings Limited  28 May 2024

CHL PDMR RNS

CHL PDMR RNS

 

Pembroke, Bermuda - 28 May 2024

Conduit Holdings Limited

("CHL" - LSE ticker: CRE)

PDMR Notification

Grant of LTIP Award

CHL, the ultimate parent company of Conduit Re, a Bermuda-based reinsurance
business, today announces that the following awards over common shares of
$0.01 par value each in CHL were granted under the CHL Long Term Incentive
Plan ("LTIP") to the following person discharging managerial responsibilities
in CHL ("PDMR"):

(1)       Stuart Quinlan, PDMR, has been awarded 84,814 as a Restricted
Share Award.

The award was granted on 5 September 2023 as nil cost options and will
ordinarily vest on the third anniversary of the grant date, on terms that
vesting is conditional upon continued employment. Due to an administrative
oversight, the grant was not announced at the date of the transaction.

Stuart Quinlan's beneficial ownership interest (which includes shares held by
Michelle Quinlan, a Person Closely Associated with Stuart Quinlan) stands at
194,091 common shares excluding the unvested shares which are the subject of
the Restricted Share Award specified in this announcement.

PDMR Notification of Dealing Form: The notification below, made in accordance
with the requirements of the Market Abuse Regulation (EU) 596/2014 (which
forms part of UK domestic law pursuant to the European Union (Withdrawal) Act
2018, as amended), provides further details of the transaction.

 1   Details of the person discharging managerial responsibilities ("PDMR") /
     person closely associated ("PCA")
 a)  Name                                              Stuart Quinlan
 2   Reason for the Notification
 a)  Position/status                                   Stuart Quinlan - PDMR
 b)  Initial notification/amendment                    Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                              Conduit Holdings Limited
 b)  LEI                                               21380085AE62D1BXSF19
 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  Common Shares of $0.01 par value

     instrument
     Identification code                               ISIN BMG243851091

                                                       SEDOL BN133N2
 b)  Nature of the Transaction                         Grant of a Restricted Share Award over common shares under the Rules of the

                                                 Conduit Holdings Limited Long Term Incentive Plan with a price of nil pence
                                                       per share.

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

                                                       Nil

                                                       Volume(s)

                                                       84,814
 d)  Aggregated information                            NOT APPLICABLE

     Aggregated volume

     Price
 e)  Date of the transaction                           5 September 2023
 f)  Place of the transaction                          OUTSIDE OF TRADING VENUE

 

 

Media contacts

H/Advisors Maitland - Vikki Kosmalska / Genevieve Ryan

+44 (0) 207 379 5151

conduitre@h-advisors.global

Investor relations and other enquiries:

info@conduitreinsurance.com

Panmure Gordon (Joint Corporate Broker)

+44 (0) 207 886 2500

Berenberg (Joint Corporate Broker)

+44 (0) 203 207 7800

Peel Hunt (Joint Corporate Broker)

+44 (0) 207 418 8900

About Conduit Re

Conduit Re is a Bermuda-based reinsurance business with global reach. Conduit
Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4
insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent)
and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance
Limited. The outlook assigned to these ratings is stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited
and is listed on the London Stock Exchange (ticker: CRE). References to
"Conduit" include Conduit Holdings Limited and all of its subsidiary
companies.

Learn more about Conduit Re:

Website: https://conduitreinsurance.com/ (https://conduitreinsurance.com/)

LinkedIn: https://www.linkedin.com/company/conduit-re
(https://www.linkedin.com/company/conduit-re)

 

 

 

 

 

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