Director/PDMR Shareholding

RNS Number : 3286D

Chesnara PLC

19 October 2022

 

LEI Number: 213800VFRMBRTSZ3SJ06

19 October 2022

CHESNARA plc

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

NOTIFICATION OF PDMR DEALING AND TOTAL VOTING RIGHTS

Chesnara today announces that the following PDMR has exercised options over 99,044 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 Scheme.  Of these, 47,960 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 99,044 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 the Company's issued share capital consisted of 150,256,495 Ordinary Shares and, with no Ordinary Shares in Treasury, this too was the number of voting rights.

This figure of 150,256,495 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
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 ID Code: (GB00B00FPT80)
b)	Nature of the transaction	1.  Exercise of options over 99,044 Ordinary Shares following vesting of the conditional awards under the 2014 Long Term Incentive scheme. 2.  47,960 Ordinary Shares sold to cover tax and social security obligations
c)	Price(s) and volume(s)	1.  Price(s): nil.   Volume: 99,044. 2.  Price(s): 265.5325p.  Volume: 47,960.
d)	Aggregated information	N/A
e)	Date of the transaction	1.  18th October 2022 2.  18th October 2022
f)	Place of the transaction	1.  XOFF 2.  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:

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 ).

 

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