Director/PCA Shareholdings

RNS Number : 3866V

Helios Underwriting Plc

05 April 2023

 

Helios Underwriting plc

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

Director's/PCA's   Shareholdings

H elios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's, was informed   on 4 April 2023 that Michael Cunningham, Non-Executive Chairman, and a person discharging managerial responsibilities   ("PDMR") of the Company, on the same day sold 118,000 ordinary shares of 10 pence each ("Ordinary Shares")   at a price of 162.5 pence per share, and subsequently, he and his wife each purchased 59,000 Ordinary Shares at a price of 162.5 pence per share into their Individual Savings Accounts, in order to effect "Bed and ISA" trades.

The notifications below, which has been made in accordance with the requirement of the EU Market Abuse Regulation, provide further details.

For further information please contact:

Helios Underwriting plc

Martin Reith - Chief Executive                                 [phone]

Nigel Hanbury - Executive Deputy Chairman  [phone]

Arthur Manners - Chief Financial Officer               [phone]

Shore Capital (Nomad and Broker)

Robert Finlay                                                               [phone]

David Coaten 

Henry Willcocks

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 £297m of capacity for the 2023 account. The portfolio provides a good spread of business being concentrated in property & casualty insurance and reinsurance. For further information please visit www.huwplc.com .

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michael Cunningham
2	Reason for the notification
a)	Position/status	Director and 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 pence each ISIN - GB00B23XLS45
b)	Nature of the transaction	On market sale of Ordinary Shares and immediate purchase by way of Bed and ISA arrangement
c)	Price(s) and volume(s)	Price(s) Volume(s) Sale: 162.5p 118,000 Purchase: 162.5p 59,000
d)	Aggregated information	Price(s) Volume(s) Sale: as above Purchase: as above As above As above
e)	Date of the transaction	04 April 2023
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Virginia Cunningham
2	Reason for the notification
a)	Position/status	Person Closely Associated with Michael Cunningham, Director of the Company
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 pence each ISIN - GB00B23XLS45
b)	Nature of the transaction	On market purchase of Ordinary Shares into an ISA
c)	Price(s) and volume(s)	Price(s) Volume(s) Purchase: 162.5p 59,000
d)	Aggregated information	Price(s) Volume(s) Purchase: as above As above
e)	Date of the transaction	04 April 2023
f)	Place of the transaction	London Stock Exchange, AIM

 

END

 

 

DSHDZLFBXZLLBBK