Block Listing Application

RNS Number : 0112B

Chesnara PLC

29 September 2022

 

LEI Number: 213800VFRMBRTSZ3SJ06

29 September 2022

CHESNARA plc

APPLICATION FOR BLOCK LISTING

Chesnara plc ("Chesnara" or the "Company")(CSN.L), the European life and pensions consolidator, today announces that an application has been made to the FCA and the London Stock Exchange for a Block Listing of 1,000,000 ordinary shares of 5p each (the "Shares") to trading on the London Stock Exchange and to be admitted to the Official List of the FCA.

The Shares will be issued from time to time as a result of the exercise of share options pursuant to the following schemes:

· 793,000 to be issued pursuant to the Chesnara Short-Term Incentive (STI) Scheme and Long-Term Incentive (LTI) Scheme;

· 206,000 to be issued pursuant to the Chesnara Share Save Scheme; and

· 1,000 to be issued pursuant to the Scildon Staff Incentive Scheme.

It is anticipated that the block listing will be adequate to satisfy the maximum foreseeable requirements of staff incentive schemes over the next eighteen months.

It is expected that admission will become effective on 4 October 2022.  When issued, the Shares will rank pari passu with the existing ordinary shares of the Company.

This disclosure is made pursuant to paragraph 3.5.5R of the Listing Rules.

For further information, please contact:

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - [e-mail]

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493 

E - [e-mail]   

Notes to Editors

Chesnara is a European life and pensions consolidator listed on the London Stock Exchange.  It administers approximately one million policies and operates as Countrywide Assured and CASLP in the UK, as The Waard Group, Robein Leven N.V. 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 and the Netherlands 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 18 years in succession.

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

 

END

 

 

ALSKZGZLLRZGZZG