Last checked at 16 Feb 2022 07:00
Director/PDMR Shareholdings
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 16 February 2022
Correction: Director/PDMR Shareholdings
Replacement of announcement published by the Company at 07:00 on 9 November 2021 under RNS Number 7257R with the following corrections:
(1) The number of shares acquired by Neil Eckert and Nicola Eckert on 4 November 2021 has been corrected from 67,111 shares to 9,705.
(2) The number of shares acquired by Neil Eckert on 4 November 2021 has been corrected from 31,238 shares to 4,535 shares and the number of shares acquired by Nicola Eckert on 4 November 2021 has been corrected from 35,873 to 5,170.
(3) Neil Eckert's total current shareholding ownership interest in Conduit Holdings Limited has been corrected from 618,645 shares to 561,239 shares and Nicola Eckert's total current shareholding ownership interest in Conduit Holdings Limited is corrected to 35,873 shares (which includes 27,000 shares acquired by Nicola Eckert on 2 December 2020 which were previously incorrectly disclosed as being owned by Neil Eckert).
This corrects all previous announcements in respect of the shares that are the subject of this announcement and all other information remains unchanged. The full amended text for the 4 November 2021 announcement is shown below.
Conduit Holdings announces that on 4 November 2021, Neil Eckert a director and person discharging managerial responsibilities in Conduit Holdings ("PDMR") together with Nicola Eckert, a person closely associated with him, acquired 9,705 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 4,535 and his total current shareholding ownership interest in Conduit Holdings Limited now stands at 561,239 common shares. Nicola Eckert's portion of the acquired shares is 5,170 and her total current shareholding ownership interest in Conduit Holdings Limited now stands at 35,873 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)
| Neil Eckert Price(s) GBP 4.5584 Volume(s) 4,535 Nicola Eckert Price(s) GBP 4.5584 Volume(s) 5,170 |
d) | Aggregated information
Aggregated volume
Price | 9,705 Common Shares in aggregate
£44,239.272 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 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:
Web: https://conduitreinsurance.com/
LinkedIn: https://www.linkedin.com/company/conduit-re
Twitter: https://twitter.com/Conduit_Re