Director/PDMR Shareholding

RNS Number : 5779U

Helios Underwriting Plc

06 December 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 3 December 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-founde d and is managing partner   of, purchased 15,000 ordinary shares of 10 pence each ("Ordinary Shares") in the Company at 168.67 pence each. Mr Libassi is also a director of The 1609 Fund Ltd.

Following the completion of the above transaction ,   f unds under   management of, or associated with, ILS Capital Management Ltd,   hold in aggregate   13,362,000 Ordinary Shares, representing approximately 19.4   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 £137m 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 pe nce each ISIN - GB00B23XLS45
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Purchase: 168.67 15,000
d)	Aggregated information	Price(s) Volume(s) Purchase: as above As above
e)	Date of the transaction	3 December 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

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