Director/PDMR Shareholding

RNS Number : 5701L

Chesnara PLC

01 May 2020

 

CHESNARA plc

("Chesnara" or "the Company")

LEI Number: 213800VFRMBRTSZ3SJ06

01 May 2020

NOTIFICATION OF PDMR DEALING

Chesnara plc (the 'Company') today announces that PDMR Luke Savage has purchased ordinary shares in the market.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Luke Savage
2	Reason for the notification
a)	Position/status	Non Executive Director
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 code	Chesnara plc Ordinary shares of 5 pence each (Shares) ID Code: (GB00B00FPT80)
b)	Nature of the transaction	Market Purchase
c)	Price(s) and volume(s)	Price(s): 335.935p.  Volume: 20,000.
d)	Aggregated information	N/A
e)	Date of the transaction	29 April 2020
f)	Place of the transaction	London Stock Exchange (XLON)

The above notification is made in accordance with the requirements of the EU Market Abuse Regulation.

For further information, please contact:

Roddy Watt

Director, Capital Markets

FWD

Forward thinking communications

T  -  020 7280 0651 

E  -  [e-mail]  

Notes to Editors

Chesnara is a life and pensions company listed on the London Stock Exchange. It administers over one million policies with approximately £7.7 billion of assets under management, with those assets spread broadly equally across businesses in the UK, the Netherlands and Sweden. Chesnara 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 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 15 years in succession.

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

 

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