TIDMHUW

RNS Number : 8606R

Helios Underwriting Plc

11 March 2021

Helios Underwriting plc

("Helios" , "Company" or the "Group" )

Director 's /PCA s' Shareholdings

Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's , was informed yesterday that, Nigel Hanbury , Chief Executive Officer and p erson discharging managerial responsibilities ("PDMR") of the Company, and his three children, Elizabeth Hanbury, George Hanbury and Clementine Hanbury, each of whom are persons closely associated ("PCA") with him, have sold a number of ordinary shares of 10 pence each ("Ordinary Shares") , and subsequently repurchased the same number of Ordinary Shares into their respective Individual Savings Account s (ISA s ) , in order to effect "Bed and ISA" trades. Details of these trades are as set out below:

 
 Name                 Position/status    No. of Ordinary   Sale price     No. of Ordinary     Purchase 
                                           Shares Sold                   Shares Repurchased     Price 
 Nigel Hanbury         Director/PDMR         173,000          165p            173,000         165.017p 
                      ----------------  ----------------  -----------  --------------------  ---------- 
 Elizabeth Hanbury          PCA              151,500          165p            151,500          165.02p 
                      ----------------  ----------------  -----------  --------------------  ---------- 
 George Hanbury             PCA              127,800          165p            127,800         165.0203p 
                      ----------------  ----------------  -----------  --------------------  ---------- 
 Clementine Hanbury         PCA              90,500           165p            90,500          165.033p 
                      ----------------  ----------------  -----------  --------------------  ---------- 
 

Following the completion of the above transactions , Nigel Hanbury's ultimate beneficial ownership , including shares held by his immediate family members, is unchanged and remains at 9,227,294 Ordinary Shares in total, representing approximately 27.53 per cent. of the Company's total voting rights.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the transactions.

For further information please contact:

Helios Underwriting plc

   Nigel Hanbury - Chief Executive                                               +44 (0)7787 530 404 / nigel.hanbury@huwplc.com 
   Arthur Manners - Chief Financial Officer                                +44 (0)7754 965 917 

Shore Capital (Nomad and Broker)

Robert Finlay +44 (0)20 7408 4080

David Coaten

Henry Willcocks

Willis Re Securities (Financial Adviser)

Alastair Rodger +44 (0)20 3124 6033

Quentin Perrot +44 (0)20 3124 6499

Buchanan

   Helen Tarbet / Henry Wilson / George Beale                       +44 (0)7872 604 453 

+44 (0) 20 7466 5111

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 GBP110m of capacity for the 2021 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.

 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                                     Nigel Hanbury 
      -------------------------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
                                                                Director, a PDMR of the issuer 
  a)    Position/status 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    Initial notification/Amendment                           Initial Notification 
      -------------------------------------------------------  ------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                                     Helios Underwriting Plc 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    LEI                                                      213800FX86DJW5TCM864 
      -------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary Shares of 10 pe nce each 
       instrument 
                                                                  ISIN - GB00B23XLS45 
       Identification code 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    Nature of the transaction                                On market sale of Ordinary Shares and immediate 
                                                                repurchase by way of Bed and ISA arrangement 
      -------------------------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)                                         Price(s)         Volume(s) 
                                                                      Sale: 165p         173,000 
                                                                  Purchase: 165.017p     173,000 
                                                                                       ---------- 
      -------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information                                         Price(s)         Volume(s) 
                                                                    Sale: as above      As above 
                                                                   Purchase: as above    As above 
                                                                                       ---------- 
      -------------------------------------------------------  ------------------------------------------------------- 
 e)    Date of the transaction                                  10 March 2021 
      -------------------------------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction                                 London Stock Exchange, AIM 
      -------------------------------------------------------  ------------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                                     Elizabeth Hanbury 
      -------------------------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
                                                                PCA of Nigel Hanbury 
  a)    Position/status 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    Initial notification/Amendment                           Initial Notification 
      -------------------------------------------------------  ------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                                     Helios Underwriting Plc 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    LEI                                                      213800FX86DJW5TCM864 
      -------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary Shares of 10 pe nce each 
       instrument 
                                                                  ISIN - GB00B23XLS45 
       Identification code 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    Nature of the transaction                                On market sale of Ordinary Shares and immediate 
                                                                repurchase by way of Bed and ISA arrangement 
      -------------------------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)                                         Price(s)        Volume(s) 
                                                                      Sale: 165p        151,500 
                                                                  Purchase: 165.02p     151,500 
                                                                                      ---------- 
      -------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information                                         Price(s)         Volume(s) 
                                                                    Sale: as above      As above 
                                                                   Purchase: as above    As above 
                                                                                       ---------- 
      -------------------------------------------------------  ------------------------------------------------------- 
 e)    Date of the transaction                                  10 March 2021 
      -------------------------------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction                                 London Stock Exchange, AIM 
      -------------------------------------------------------  ------------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                                     George Hanbury 
      -------------------------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
                                                                PCA of Nigel Hanbury 
  a)    Position/status 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    Initial notification/Amendment                           Initial Notification 
      -------------------------------------------------------  ------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                                     Helios Underwriting Plc 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    LEI                                                      213800FX86DJW5TCM864 
      -------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary Shares of 10 pe nce each 
       instrument 
                                                                  ISIN - GB00B23XLS45 
       Identification code 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    Nature of the transaction                                On market sale of Ordinary Shares and immediate 
                                                                repurchase by way of Bed and ISA arrangement 
      -------------------------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)                                          Price(s)         Volume(s) 
                                                                       Sale: 165p         127,800 
                                                                  Purchase: 165.0203p     127,800 
                                                                                        ---------- 
      -------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information                                         Price(s)         Volume(s) 
                                                                    Sale: as above      As above 
                                                                   Purchase: as above    As above 
                                                                                       ---------- 
      -------------------------------------------------------  ------------------------------------------------------- 
 e)    Date of the transaction                                  10 March 2021 
      -------------------------------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction                                 London Stock Exchange, AIM 
      -------------------------------------------------------  ------------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                                     Clementine Hanbury 
      -------------------------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
                                                                PCA of Nigel Hanbury 
  a)    Position/status 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    Initial notification/Amendment                           Initial Notification 
      -------------------------------------------------------  ------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                                     Helios Underwriting Plc 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    LEI                                                      213800FX86DJW5TCM864 
      -------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary Shares of 10 pe nce each 
       instrument 
                                                                  ISIN - GB00B23XLS45 
       Identification code 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)    Nature of the transaction                                On market sale of Ordinary Shares and immediate 
                                                                repurchase by way of Bed and ISA arrangement 
      -------------------------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)                                         Price(s)         Volume(s) 
                                                                      Sale: 165p         90,500 
                                                                  Purchase: 165.033p     90,500 
                                                                                       ---------- 
      -------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information                                         Price(s)         Volume(s) 
                                                                    Sale: as above      As above 
                                                                   Purchase: as above    As above 
                                                                                       ---------- 
      -------------------------------------------------------  ------------------------------------------------------- 
 e)    Date of the transaction                                  10 March 2021 
      -------------------------------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction                                 London Stock Exchange, AIM 
      -------------------------------------------------------  ------------------------------------------------------- 
 

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March 11, 2021 02:00 ET (07:00 GMT)

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