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7 Apr 2021 07:00
CHESNARA plc
("Chesnara" or "the Company")
LEI Number: 213800VFRMBRTSZ3SJ06
07 April 2021
NOTIFICATION OF PDMR DEALING
Chesnara plc (the 'Company') today announces that Finance Director David Rimmington, a PDMR of the Company, transferred 70,154 ordinary shares of 5 pence each ("Ordinary Shares") to his wife. Mr. Rimmington's beneficial holding has not changed as a result of this transfer so he remains interested in 72,281 Ordinary Shares of the Company, representing 0.048 per cent. of the issued share capital.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | David Rimmington |
2 | Reason for the notification | |
a) | Position/status | Finance 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 | Transfer to Wife |
c) | Price(s) and volume(s) | Price(s): nil. Volume: 70,154. |
d) | Aggregated information | N/A |
e) | Date of the transaction | 01 April 2021 |
f) | Place of the transaction | Off Market Transaction (XOFF) |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Clare Rimmington |
2 | Reason for the notification | |
a) | Position/status | Person Closely Associated (PCA) - Wife of Finance 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 | Transfer from Husband David Rimmington, Chesnara Finance Director |
c) | Price(s) and volume(s) | Price(s): nil. Volume: 70,154. |
d) | Aggregated information | N/A |
e) | Date of the transaction | 01 April 2021 |
f) | Place of the transaction | Off Market Transaction (XOFF) |
The above notification is made in accordance with the requirements of the EU Market Abuse Regulation (as retained in UK law).
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 and 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 16 years in succession.
Further details are available on the Company's website (www.chesnara.co.uk).
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