Last checked at 1 Jun 2020 07:30
Helios Underwriting plc
("Helios" or the "Company")
Directors' Dealing
Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's, was notified on 29 May 2020 that Michael Cunningham, Non-Executive Chairman of the Company, had on the same day purchased 22,000 ordinary shares of 10 pence each in the Company ('Ordinary Shares') at a price of 88.5 pence per share. As a result, Mr. Cunningham has a total beneficial interest of 78,698 Ordinary Shares, representing 0.44 per cent. of the Company's issued share capital.
In addition, the Company was notified on 29 May 2020 that Andrew Christie, Non-Executive Director of the Company, had on the same day purchased 11,117 Ordinary Shares at a price of 90 pence per share. As a result, Mr. Christie has a total beneficial interest of 31,096 Ordinary Shares, representing 0.17 per cent. of the Company's issued share capital.
For further information please contact:
Helios Underwriting plc
Nigel Hanbury - Chief Executive 07787 530404 / nigel.hanbury@huwplc.com
Arthur Manners - Chief Financial Officer 07754 965 917
Shore Capital
Robert Finlay/David Coaten 020 7408 4090
About Helios
Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately £70m of capacity for the 2020 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.