Last checked at 19 Aug 2022 07:00
Transactions in Own Shares
Conduit Holdings Limited ("Conduit Holdings" or "the Company")
Pembroke, Bermuda - 19 August 2022
Transactions in own shares
Conduit Holdings announces today it has purchased the following number of its common shares of USD 0.01 par value each (ISIN Code: BMG243851091) on the London Stock Exchange. The purchases were made by Panmure Gordon & Co ("Panmure Gordon").
Date of purchase: | 18 August 2022 |
Aggregate number of ordinary shares of USD 0.01 each purchased: | 10,000 |
Lowest price paid per share (GBp): | 335p |
Highest price paid per share (GBp): | 335p |
Volume weighted average price paid per share (GBp): | 335p |
The Company will hold the repurchased shares in treasury to meet future obligations under Conduit Holdings' variable incentive schemes. Following the above transaction, the Company holds 687,823 of its common shares in treasury and has 165,239,997 common shares in issue (including treasury shares). Therefore, the total voting rights in the Company will be 164,552,174.
This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
These share purchases form part of the Company's existing buy-back programme announced on 29 December 2021. Repurchases may be made up to and including the conclusion of the 2023 AGM or at 6.00 p.m.UK time on 31 August 2023, whichever is sooner.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it forms part of Retained EU Law as defined in the European Union (Withdrawal) Act 2018 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Panmure Gordon as part of the buyback programme.
Aggregated information
Trading venue | Volume weighted average price | Aggregated volume |
London Stock Exchange | 335p | 10,000 |
Daily Individual Transaction Details are set out below:
Issuer Name | Transaction Date | Transaction Time | Volume | Price (GBp) | Trading Venue | Transaction Reference Code |
Conduit Holdings Limited | 18 August 2022 | 14:31 UTC | 10,000 | 335p | XLON | 00001412508ORLO0 00005488118CALO0v1 |
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.