Director's/PCAs' Shareholding

RNS Number : 6917V

Helios Underwriting Plc

11 April 2023

 

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 on 6 April 2023 that, Nigel Hanbury , Executive Deputy Chairman 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 Sharesintotheir respectiveIndividual Savings Accounts(ISAs), 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	12,450	160p	12,450	160.06p
Elizabeth Hanbury	PCA	12,450	160p	12,450	160.06p
George Hanbury	PCA	12,450	160p	12,450	160.06p
Clementine Hanbury	PCA	12,450	160p	12,450	160.06p

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 9,562,358 Ordinary Shares in total, representing approximately 12.37 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

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.  

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: 160p 12,450 Purchase: 160.06p 12,450
d)	Aggregated information	Price(s) Volume(s) Sale: as above Purchase: as above As above As above
e)	Date of the transaction	6 April 2023
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: 160p 12,450 Purchase: 160.06p 12,450
d)	Aggregated information	Price(s) Volume(s) Sale: as above Purchase: as above As above As above
e)	Date of the transaction	6 April 2023
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: 160p 12,450 Purchase: 160.06p 12,450
d)	Aggregated information	Price(s) Volume(s) Sale: as above Purchase: as above As above As above
e)	Date of the transaction	6 April 2023
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: 160p 12,450 Purchase: 160.06p 12,450
d)	Aggregated information	Price(s) Volume(s) Sale: as above Purchase: as above As above As above
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	London Stock Exchange, AIM

 

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