Director/PDMR Shareholding

Conduit Holdings Limited

05 April 2024

 

CHL PDMR RNS

CHL PDMR RNS

Pembroke, Bermuda - 5 April 2024

Conduit Holdings Limited

("CHL" - LSE ticker: CRE)

PDMR Notification

Conduit Holdings today announces that it was notified on 3 April 2024, that:

(1)       Neil Eckert, a person discharging managerial responsibility in CHL ("PDMR"), has in order to effect a   "Bed and ISA" transaction, sold 15,595 Common Shares at a price of £5.11 per Common Share and   then repurchased into his Individual Savings Account (ISA) 3,898 Common Shares at a price of £5.1125 per Common Share;

(2)      Nicola Eckert, a person closely associated (PCA) with Neil Eckert, has in order to effect a "Bed and   ISA" transaction, following the sale of Common Shares by Neil Eckert, purchased into her ISA, 3,898   Common Shares at a price of £5.1125 per Common Share;

The above transactions all took place on 2 April 2024.

Following these transactions Neil Eckert's beneficial ownership interest (which includes shares held by PCA Nicola Eckert) stands at 740,270 common shares.

PDMR Notification of Dealing Form: The notification below, made in accordance with the requirements of the Market Abuse Regulation (EU) 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended), provides further details of the transaction.

1	Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)	Name	Neil Eckert
2	Reason for the Notification
a)	Position/status	Neil Eckert - PDMR
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Conduit Holdings Limited
b)	LEI	21380085AE62D1BXSF19
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	Common Shares of $0.01 par value
	Identification code	ISIN BMG243851091 SEDOL BN133N2
b)	Nature of the Transaction	Sale of Common Shares
c)	Price(s) and volume(s)	Price(s) £5.1100 Volume(s) 15,595
d)	Aggregated information Aggregated volume Price	15,595 Common Shares £79,690.45 aggregated total £5.1100 per Common Share
e)	Date of the transaction	2 April 2024
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)	Name	Neil Eckert
2	Reason for the Notification
a)	Position/status	Neil Eckert- PDMR
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Conduit Holdings Limited
b)	LEI	21380085AE62D1BXSF19
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	Common Shares of $0.01 par value
	Identification code	ISIN BMG243851091 SEDOL BN133N2
b)	Nature of the Transaction	Purchase of Common Shares via ISA
c)	Price(s) and volume(s)	Price(s) £5.1125 Volume(s) 3,898
d)	Aggregated information Aggregated volume Price	3,898 Common Shares £19,928.53 aggregated total £5.1125 per Common Share
e)	Date of the transaction	2 April 2024
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")
a)	Name	Nicola Eckert
2	Reason for the Notification
a)	Position/status	Nicola Eckert - PCA
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Conduit Holdings Limited
b)	LEI	21380085AE62D1BXSF19
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	Common Shares of $0.01 par value
	Identification code	ISIN BMG243851091 SEDOL BN133N2
b)	Nature of the Transaction	Purchase of Common Shares via ISA
c)	Price(s) and volume(s)	Price(s) £5.1125 Volume(s) 3,898
d)	Aggregated information Aggregated volume Price	3,898 Common Shares £19,928.53 aggregated total £5.1125 per Common Share
e)	Date of the transaction	2 April 2024
f)	Place of the transaction	London Stock Exchange (XLON)

Media contacts

H/Advisors Maitland - Vikki Kosmalska / Genevieve Ryan

[phone]

[e-mail]

Investor relations and other enquiries:

[e-mail]

Panmure Gordon (Joint Corporate Broker)

[phone]

Berenberg (Joint Corporate Broker)

[phone]

Peel Hunt (Joint Corporate Broker)

[phone]

About Conduit Re

Conduit Re is a pure-play Bermuda-based reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is stable.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE). References to "Conduit" include Conduit Holdings Limited and all of its subsidiary companies.

Learn more about Conduit Re:

Website: https://conduitreinsurance.com/

LinkedIn: https://www.linkedin.com/company/conduit-re

 

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