Director’s Shareholding

Helios Underwriting Plc

07 June 2023

 

7 June 2023

Helios Underwriting plc

("Helios" or the "Company")

Director's Shareholding

Helios, the investment vehicle which builds shareholder value through exposure to Lloyd's, was informed on 6 June 2023 that Nigel Hanbury, Executive Deputy Chairman, and a person discharging managerial responsibilities ("PDMR") of the Company, on the same day sold 200,000 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 170 pence per share.

Michael Wade, Chairman Designate, whose appointment as previously announced will take effect on closure of the Annual General Meeting on 29 June 2023, acquired 116,470 of the shares sold by Mr Hanbury.

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 - 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	Nigel Hanbury
2	Reason for the notification
a)	Position/status	Executive Deputy Chairman
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
c)	Price(s) and volume(s)	Price(s) Volume(s) Sale: 170p 200,000
d)	Aggregated information	Price(s) Volume(s) As above As above
e)	Date of the transaction	06 June 2023
f)	Place of the transaction	London Stock Exchange, AIM

 

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