Director/PDMR Shareholding

Conduit Holdings Limited

04 April 2024

 

CHL PDMR RNS

CHL PDMR RNS

Pembroke, Bermuda - 4 April 2024

Conduit Holdings Limited

("CHL" - LSE ticker: CRE)

PDMR Notification

Conduit Holdings today announces that it was notified on 3 April 2024, that:

(1)    Stuart Quinlan, a person discharging managerial responsibility in CHL ("PDMR"), transferred 30,000 common shares of $0.01 par value each in CHL ("Common Shares") by way of a gift for nil consideration to Michelle Quinlan, a person closely associated ("PCA") with Stuart Quinlan;

(2)     Michelle Quinlan has, in order to effect a "Bed and ISA" transaction, following the gift of Common Shares by Stuart Quinlan, sold 29,255 ("Common Shares") at a price of £5.11 per Common Share and then repurchased into her Individual Savings Account (ISA) 29,255 Common Shares at a price of £ 5.11125 per Common Share

(3)     Stuart Quinlan, has in order to effect a "Bed and ISA" transaction, sold 25,500 Common Shares at a price of £5.11 per Common Share and then repurchased into his Individual Savings Account (ISA) 25,500 Common Shares at a price of £5.11125 per Common Share;

The above transactions all took place on 2 April 2024.

Following these transactions Stuart Quinlan's beneficial ownership interest (which includes shares held by PCA Michelle Quinlan) has not changed, and stands at 194,091 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	Stuart Quinlan
2	Reason for the Notification
a)	Position/status	Stuart Quinlan- 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	Gift of Common Shares to Michelle Quinlan (PCA)
c)	Price(s) and volume(s)	Price(s) Nil Volume(s) 30,000
d)	Aggregated information Aggregated volume Price	N/A single transaction
e)	Date of the transaction	2 April 2024
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)	Name	Michelle Quinlan
2	Reason for the Notification
a)	Position/status	Michelle Quinlan - PCA
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	Sale of Common Shares
c)	Price(s) and volume(s)	Price(s) £5.11 Volume(s) 29,255
d)	Aggregated information Aggregated volume Price	29,255 Common Shares £149,493.05 aggregated total £5.11 per Common Share
e)	Date of the transaction	2 April 2024
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)	Name	Michelle Quinlan
2	Reason for the Notification
a)	Position/status	Michelle Quinlan - PCA
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	Purchase of Common Shares via ISA
c)	Price(s) and volume(s)	Price(s) £5.11125 Volume(s) 29,255
d)	Aggregated information Aggregated volume Price	29,255 Common Shares £149,529.62 aggregated total £5.11125 per Common Share
e)	Date of the transaction	2 April 2024
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)	Name	Stuart Quinlan
2	Reason for the Notification
a)	Position/status	Stuart Quinlan- 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	Sale of Common Shares
c)	Price(s) and volume(s)	Price(s) £5.11 Volume(s) 25,500
d)	Aggregated information Aggregated volume Price	25,500 Common Shares £130,305.00 aggregated total £5.11 per Common Share
e)	Date of the transaction	2 April 2024
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)	Name	Stuart Quinlan
2	Reason for the Notification
a)	Position/status	Stuart Quinlan- 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	Purchase of Common Shares via ISA
c)	Price(s) and volume(s)	Price(s) £5.11125 Volume(s) 25,500
d)	Aggregated information Aggregated volume Price	25,500 Common Shares £130,336.88 aggregated total £5.11125 per Common Share
e)	Date of the transaction	2 April 2024
f)	Place of the transaction	London Stock Exchange (XLON)

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

 

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