Helios Underwriting Plc Director/PCA Shareholdings (3866V)
April 05 2023 - 2:00AM
UK Regulatory
TIDMHUW
RNS Number : 3866V
Helios Underwriting Plc
05 April 2023
Helios Underwriting plc
("Helios", "Company" or the "Group")
Director's/PCA's Shareholdings
H elios, the unique investment vehicle which acquires and
consolidates underwriting capacity at Lloyd's, was informed on 4
April 2023 that Michael Cunningham, Non-Executive Chairman, and a
person discharging managerial responsibilities ("PDMR") of the
Company, on the same day sold 118,000 ordinary shares of 10 pence
each ("Ordinary Shares") at a price of 162.5 pence per share, and
subsequently, he and his wife each purchased 59,000 Ordinary Shares
at a price of 162.5 pence per share into their Individual Savings
Accounts, in order to effect "Bed and ISA" trades.
The notifications below, which has been made in accordance with
the requirement of the EU Market Abuse Regulation, provide further
details.
For further information please contact:
Helios Underwriting plc
Martin Reith - Chief Executive +44(0)7720 292 505
Nigel Hanbury - Executive Deputy Chairman +44 (0)7787 530 404
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
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 GBP297m of capacity
for the 2023 account. The portfolio provides a good spread of
business being concentrated in property & casualty insurance
and reinsurance. For further information please visit
www.huwplc.com .
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Michael Cunningham
------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
Director and 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 pence each
instrument
ISIN - GB00B23XLS45
Identification code
------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction On market sale of Ordinary Shares and immediate
purchase by way of Bed and ISA arrangement
------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Sale: 162.5p 118,000
Purchase: 162.5p 59,000
----------
------------------------------------------------------- -------------------------------------------------------
d) Aggregated information Price(s) Volume(s)
Sale: as above As above
Purchase: as above As above
----------
------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 04 April 2023
------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Virginia Cunningham
------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
Person Closely Associated with Michael Cunningham,
a) Position/status Director of the Company
------------------------------------------------------- -------------------------------------------------------
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 pence each
instrument
ISIN - GB00B23XLS45
Identification code
------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction On market purchase of Ordinary Shares into an ISA
------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Purchase: 162.5p 59,000
----------
------------------------------------------------------- -------------------------------------------------------
d) Aggregated information Price(s) Volume(s)
Purchase: as above As above
----------
------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 04 April 2023
------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------------------------- -------------------------------------------------------
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END
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