Last checked at 8 Dec 2023 07:00
LEI Number: 213800VFRMBRTSZ3SJ06
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8th December 2023
CHESNARA plc
("Chesnara", "the Company" or the "Group")
NOTIFICATION OF PDMR DEALING
Chesnara (CSN.L), the European life insurance consolidator, today announces that Chesnara plc Chief Executive Officer and PDMR Steven Murray has purchased ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares").
The Company further announces that Group Chief Risk Officer and PDMR Gavin Hughes has exercised options over Ordinary Shares as a result of the vesting of the awards made under the 2020 Chesnara Save As You Earn Scheme. The allotment of the Ordinary Shares has been satisfied via the Group's existing block listing arrangements.
The following notifications have been made in accordance with the requirements of the EU Market Abuse Regulation as part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Steven Murray |
2 | Reason for the notification | |
a) | Position/status | Group Chief Executive Officer & PDMR |
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 ID Code: (GB00B00FPT80) |
b) | Nature of the transaction | 3,762 Ordinary Shares bought. |
c) | Price(s) and volume(s) | Price: 264.11p. Volume: 3,762 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 7th December 2023 |
f) | Place of the transaction | London Stock Exchange (XLON) |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Gavin Hughes |
2 | Reason for the notification | |
a) | Position/status | Group Chief Risk Officer & PDMR |
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 ID Code: (GB00B00FPT80) |
b) | Nature of the transaction | Exercise of options over 3,275 Ordinary Shares following vesting of the conditional awards under the 2020 Save As You Earn Scheme |
c) | Price(s) and volume(s) | Price: 219.8p Volume: 3,275
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d) | Aggregated information | N/A |
e) | Date of the transaction | 7th December 2023
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f) | Place of the transaction | XOFF |
The above notification is made in accordance with the requirements of the EU Market Abuse Regulation.
For further information, please contact:
Investor Enquiries
Sam Perowne
Head of Strategic Development & Investor Relations
Chesnara plc
E - sam.perowne@chesnara.co.uk
Media Enquiries
Roddy Watt
Director, Capital Markets
FWD
T - 020 7280 0651 / 07714 770 493
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured and CASLP 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 18 years in succession.
Further details are available on the Company's website (www.chesnara.co.uk).