Director/PDMR Shareholding

RNS Number : 5387U

Conduit Holdings Limited

28 March 2023

 

CHL PDMR RNS

This announcement contains inside information for the purpose of the Market Abuse Regulation (EU) No 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended)

Conduit Holdings Limited

("CHL" - LSE ticker: CRE)

Pembroke, Bermuda, 28 March 2023

PDMR Notification

Conduit Holdings today announces the vesting of the first tranche of the deferred share award granted in respect of the 2021 annual bonus award made to Trevor Carvey, a person discharging managerial responsibilities in CHL ("PDMR"). As a result of the vesting of this tranche, Trevor Carvey acquired 50,079 common shares. Trevor's total current shareholding ownership interest now stands at 355,709 common shares.

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	Trevor Carvey
2	Reason for the Notification
a)	Position/status	Trevor Carvey - 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 instrument	Common Shares of $0.01 par value
	Identification code	ISIN BMG243851091 SEDOL BN133N2
b)	Nature of the Transaction	Acquisition of Shares following the vesting of an award granted in respect of the 2021 annual bonus.
c)	Price(s) and volume(s)	Price(s) 3.6360 Volume(s) 50,079
d)	Aggregated information Aggregated volume Price	50,079 common shares £182,087.24 aggregated total £3.6360 per common share
e)	Date of the transaction	25 March 2023
f)	Place of the transaction	London Stock Exchange (XLON)

Media contacts

H/Advisors Maitland - Vikki Kosmalska / Alistair de Kare-Silver

[phone]

[e-mail]

Investor relations and other enquiries:

[e-mail]

Panmure Gordon (UK) Limited (Joint Corporate Broker)

[phone]

Berenberg (Joint Corporate Broker)

[phone]

Peel Hunt (Joint Corporate Broker)

[phone]

About Conduit Re

Conduit Re is a pure-play reinsurance business based in Bermuda. 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/

LinkedIn: < https://www.linkedin.com/company/conduit-re >

 

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