Director/PDMR Shareholding

RNS Number : 3094S

Helios Underwriting Plc

15 November 2021

 

15 November 2021

Helios Underwriting plc

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

Director's   Shareholding    

Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's,   was informed   on 12 November 2021   that, on the same day,   The 1609 Fund Ltd,   which is under the management of ILS Capital Management Ltd, a Company which Tom Libassi, Non-Executive   Director of the Company,   co-founded   and is managing partner   of, purchased 10,000 ordinary shares of 10 pence each ("Ordinary Shares")   in the Company at 160 pence each. Mr Libassi is also a director of The 1609 Fund Ltd.

Following the completion of the above   transaction, funds under   management of, or associated with, ILS Capital Management   Ltd,   hold in aggregate       13,172,000 Ordinary Shares, representing approximately 19.18   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 transaction.

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]

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 £131m of capacity for the 2021 account based on the LLV acquisitions completed to date in 2021. 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	Tom Libassi
2	Reason for the notification
a)	Position/status	Non-Executive 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   pence   each ISIN - GB00B23XLS45
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Purchase: 160p 10,000
d)	Aggregated information	Price(s) Volume(s) Purchase: as above As above
e)	Date of the transaction	12 November   2021
f)	Place of the transaction	London Stock Exchange, AIM

 

END

 

 

DSHBZLLFFFLXFBL