Last checked at 1 May 2020 07:00
CHESNARA plc
("Chesnara" or "the Company")
LEI Number: 213800VFRMBRTSZ3SJ06
01 May 2020
NOTIFICATION OF PDMR DEALING
Chesnara plc (the 'Company') today announces that PDMR Luke Savage has purchased ordinary shares in the market.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Luke Savage |
2 | Reason for the notification | |
a) | Position/status | Non Executive Director |
b) | Initial notification /Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Chesnara plc |
b) | LEI | 213800VFRMBRTSZ3SJ06 |
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 and identification code | Chesnara plc Ordinary shares of 5 pence each (Shares) ID Code: (GB00B00FPT80) |
b) | Nature of the transaction | Market Purchase |
c) | Price(s) and volume(s) | Price(s): 335.935p. Volume: 20,000. |
d) | Aggregated information | N/A |
e) | Date of the transaction | 29 April 2020 |
f) | Place of the transaction | London Stock Exchange (XLON) |
The above notification is made in accordance with the requirements of the EU Market Abuse Regulation.
For further information, please contact:
Roddy Watt
Director, Capital Markets
FWD
Forward thinking communications
T - 020 7280 0651
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara is a life and pensions company listed on the London Stock Exchange. It administers over one million policies with approximately £7.7 billion of assets under management, with those assets spread broadly equally across businesses in the UK, the Netherlands and Sweden. Chesnara operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.
Following a three pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.
Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 15 years in succession.
Further details are available on the Company's website (www.chesnara.co.uk).