Last checked at 9 Nov 2021 07:00
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")
Hamilton, Bermuda 9 November 2021
PDMR Notification
Conduit Holdings today announces that on 4th November 2021, Neil Eckert a Director and person discharging managerial responsibilities in Conduit Holdings ("PDMR") together with a person closely associated with him acquired 67,111 Conduit Holdings common shares of par value $0.01 per share each at a price of 455.84 pence per share. Neil's portion of the acquired shares is 31,238 and his total current shareholding ownership interest in Conduit Holdings Limited now stands at 618,645 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 and Nicola Eckert |
2 | Reason for the Notification | |
a) | Position/status
| Neil Eckert - PDMR and Director 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 | 213800VO4O83JVSSOX33 |
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) GBP 4.5584 Volume(s) 67,111 |
d) | Aggregated information
Aggregated volume
Price | 67,111 Common Shares in aggregate
£ 305,918.78 aggregated total
£4.5584 per Common Share |
e) | Date of the transaction | 4 November 2021 |
f) | Place of the transaction | London Stock Exchange (XLON) |
ENDS
Contacts
Media: David Haggie, Caroline Klein, Haggie Partners +44 (0) 207 562 4444 ConduitRe@haggie.co.uk
Other: info@conduitreinsurance.com
Website
Further details of the Conduit Group can be found at its website: https://conduitreinsurance.com/
Notes to Editors
About Conduit Re
Conduit Holdings is a pure play global reinsurance business based in Bermuda. Its main operating subsidiary Conduit Reinsurance Limited, is licensed by the Bermuda Monetary Authority as a Class 4 reinsurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" to Conduit Reinsurance Limited. The outlook assigned to these Credit Ratings (ratings) is stable.
Learn more:
Web: https://conduitreinsurance.com/
LinkedIn: https://www.linkedin.com/company/conduit-re
Twitter: https://twitter.com/Conduit_Re