Director/PCA Shareholding

RNS Number : 4836A

Helios Underwriting Plc

02 June 2021

 

Helios Underwriting plc

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

Director 's /PCA s' Shareholdings  

Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's ,   was informed yesterday that, Nigel Hanbury , Chief Executive Officer and p erson discharging managerial responsibilities ("PDMR") of the Company, and his three children, Elizabeth Hanbury, George Hanbury and Clementine Hanbury, each of whom are persons closely associated ("PCA") with him, have sold a number of ordinary shares of 10 pence each ("Ordinary Shares") , and subsequently repurchased the same number of Ordinary Shares into their respective Individual Savings Account s (ISA s ) , in order to effect "Bed and ISA" trades. Details of these trades are as set out below:

Name	Position/status	No. of Ordinary Shares Sold	Sale price	No. of Ordinary Shares Repurchased	Purchase Price
Nigel Hanbury	Director/PDMR	12,800	155p	12,800	155.05p
Elizabeth Hanbury	PCA	12,800	155p	12,800	155.05p
George Hanbury	PCA	12,800	155p	12,800	155.05p
Clementine Hanbury	PCA	12,800	155p	12,800	155.05p

Following the completion of the above transactions ,   Nigel Hanbury's ultimate beneficial ownership , including shares held by his immediate family members, is unchanged and remains at 9,227,294   Ordinary Shares in total, representing approximately 13.62 per cent. of the Company's total voting rights.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the transactions.

For further information please contact:

Helios Underwriting plc

Nigel Hanbury - Chief Executive                                               [phone] / [e-mail]

Arthur Manners - Chief Financial Officer                               [phone]

Shore Capital (Nomad and Broker)

Robert Finlay                                                                               [phone]

David Coaten 

Henry Willcocks

Willis Re Securities (Financial Adviser)

Alastair Rodger                                                                           [phone]

Quentin Perrot                                                                             [phone]

Buchanan

Helen Tarbet / Henry Wilson / George Beale                         [phone]

                                                                                                        [phone]  

About Helios

Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately £110m of capacity for the 2021 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nigel Hanbury
2	Reason for the notification
a)	Position/status	Director, a PDMR of the issuer
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Helios Underwriting Plc
b)	LEI	213800FX86DJW5TCM864
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 Identification code	Ordinary Shares of 10 pe nce each ISIN - GB00B23XLS45
b)	Nature of the transaction	On market sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement
c)	Price(s) and volume(s)	Price(s) Volume(s) Sale: 155p 12,800 Purchase: 155.05p 12,800
d)	Aggregated information	Price(s) Volume(s) Sale: as above Purchase: as above As above As above
e)	Date of the transaction	1 June 2021
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Elizabeth Hanbury
2	Reason for the notification
a)	Position/status	PCA of Nigel Hanbury
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Helios Underwriting Plc
b)	LEI	213800FX86DJW5TCM864
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 Identification code	Ordinary Shares of 10 pe nce each ISIN - GB00B23XLS45
b)	Nature of the transaction	On market sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement
c)	Price(s) and volume(s)	Price(s) Volume(s) Sale: 155p 12,800 Purchase: 155.05p 12,800
d)	Aggregated information	Price(s) Volume(s) Sale: as above Purchase: as above As above As above
e)	Date of the transaction	1 June 2021
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	George Hanbury
2	Reason for the notification
a)	Position/status	PCA of Nigel Hanbury
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Helios Underwriting Plc
b)	LEI	213800FX86DJW5TCM864
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 Identification code	Ordinary Shares of 10 pe nce each ISIN - GB00B23XLS45
b)	Nature of the transaction	On market sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement
c)	Price(s) and volume(s)	Price(s) Volume(s) Sale: 155p 12,800 Purchase: 155.05p 12,800
d)	Aggregated information	Price(s) Volume(s) Sale: as above Purchase: as above As above As above
e)	Date of the transaction	1 June 2021
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Clementine Hanbury
2	Reason for the notification
a)	Position/status	PCA of Nigel Hanbury
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Helios Underwriting Plc
b)	LEI	213800FX86DJW5TCM864
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 Identification code	Ordinary Shares of 10 pe nce each ISIN - GB00B23XLS45
b)	Nature of the transaction	On market sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement
c)	Price(s) and volume(s)	Price(s) Volume(s) Sale: 155p 12,800 Purchase: 155.05p 12,800
d)	Aggregated information	Price(s) Volume(s) Sale: as above Purchase: as above As above As above
e)	Date of the transaction	1 June 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

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