Last checked at 6 Sep 2022 15:39
This announcement contains inside information for the purpose of the Market Abuse Regulation (EU) No 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended)
Conduit Holdings Limited ("Conduit Holdings")
Pembroke, Bermuda, 6 September 2022
PDMR Notification
Conduit Holdings today announces that on 5 September 2022, Michelle Quinlan, a person closely associated with Stuart Quinlan, a person discharging managerial responsibilities, acquired 24,250 common shares. Stuart's current shareholding ownership interest stands at 77,570 common shares. Michelle Quinlan's purchase of 24,250 brings her total current shareholding ownership interest in Conduit Holdings to 31,630. The total shareholding interest in Conduit Holdings' common shares held by Stuart and persons closely associated with him now stands at 109,200.
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 | Stuart Quinlan |
2 | Reason for the Notification | |
a) | Position/status | Stuart Quinlan - PDMR Michelle Quinlan - 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
| Acquisition of Shares |
c) | Price(s) and volume(s)
| Price(s) £3.08 Volume(s) 24,250 |
d) | Aggregated information Aggregated volume Price | 24,250 common shares
£74,690 aggregated total
£3.08 per common share |
e) | Date of the transaction | 5 September 2022 |
f) | Place of the transaction | London Stock Exchange (XLON) |
ENDS
Media contacts
Haggie Partners - David Haggie, Caroline Klein+44 (0) 207 562 4444 ConduitRe@haggie.co.uk
Investor relations and other enquiries:
info@conduitreinsurance.com
Website
Further details of the Conduit Group can be found at its website: https://conduitreinsurance.com/
About Conduit Re
Conduit Re is a pure play global reinsurance business based in Bermuda. 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.
Learn more:
Website: https://conduitreinsurance.com/
LinkedIn: https://www.linkedin.com/company/conduit-re
Twitter: https://twitter.com/Conduit_Re
Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a regulated information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in Conduit Holdings.