Director’s/PCA Shareholdings

Helios Underwriting Plc

05 June 2023

 

Helios Underwriting plc

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

Director's/PCA Shareholdings

Helios, the investment vehicle which builds shareholder value through exposure to Lloyd's was informed on 2 June 2023  that Michael Cunningham Non-Executive Chairman, and a person discharging managerial responsibilities ("PDMR") of the Company, on 1 June 2023 sold 23,600 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 171.0 pence per share, and subsequently, he and his wife each purchased 11,800 Ordinary Shares at a price of 171.0 pence per share into their Individual Savings Accounts, in order to effect "Bed and ISA" trades.

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

For further information, please contact:

Helios Underwriting plc

Martin Reith - CEO                                            [phone]

Nigel Hanbury - Executive Deputy Chairman    [phone] 

Arthur Manners - Chief Financial Officer           [phone]

Numis (Nomad and Broker)                             

Giles Rolls / Charles Farquhar                          [phone]

Buchanan (PR)

Helen Tarbet / 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: 171.0p 23,600 Purchase: 171.0p 11,800
d)	Aggregated information	Price(s) Volume(s) Sale: as above Purchase: as above As above As above
e)	Date of the transaction	01 June 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: 171.0p 11,800
d)	Aggregated information	Price(s) Volume(s) Purchase: as above As above
e)	Date of the transaction	01 June 2023
f)	Place of the transaction	London Stock Exchange, AIM

END

 

END