Director/PDMR Shareholding

Conduit Holdings Limited

25 March 2024

 

CHL PDMR RNS

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)

Pembroke, Bermuda - 25 March 2024

Conduit Holdings Limited

("CHL"; LSE ticker: CRE)

PDMR Notification

Conduit Holdings today announces the vesting of shares in respect of (i) the second tranche of the deferred share bonus award made with respect to a 2021 annual bonus, and (ii) the first tranche of the deferred share bonus award made with respect to a 2022 annual bonus. The awards were made to Trevor Carvey, a person discharging managerial responsibilities in CHL ("PDMR"). At vesting, Trevor Carvey acquired a total of 63,326 common shares. Trevor's total current shareholding ownership interest now stands at 506,035 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 Common Shares following vesting of the second tranche of the deferred share bonus award made with respect to a 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 2024
f)	Place of the transaction	Outside of trading venue

	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 Common Shares following vesting of the first tranche of the deferred share bonus award made with respect to a 2022 annual bonus
c)	Price(s) and volume(s)	Price(s) £4.7680 Volume(s) 13,247
d)	Aggregated information Aggregated volume Price	13,247 common shares £63,161.70 aggregated total £4.7680 per common share
e)	Date of the transaction	25 March 2024
f)	Place of the transaction	Outside of trading venue

Media contacts

H/Advisors Maitland - Vikki Kosmalska / Genevieve Ryan

[phone]

[e-mail]

Investor relations and other enquiries:

[e-mail]

Panmure Gordon (Joint Corporate Broker)

[phone]

Berenberg (Joint Corporate Broker)

[phone]

Peel Hunt (Joint Corporate Broker)

[phone]

About Conduit Re

Conduit Re is a pure-play 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/

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

Neither the content of Conduit's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a regulated information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in Conduit.

 

END