Helios Underwriting Plc Director's Shareholding (9981B)
June 07 2023 - 10:53AM
UK Regulatory
TIDMHUW
RNS Number : 9981B
Helios Underwriting Plc
07 June 2023
7 June 2023
Helios Underwriting plc
("Helios" or the "Company")
Director's Shareholding
Helios, the investment vehicle which builds shareholder value
through exposure to Lloyd's, was informed on 6 June 2023 that Nigel
Hanbury, Executive Deputy Chairman, and a person discharging
managerial responsibilities ("PDMR") of the Company, on the same
day sold 200,000 ordinary shares of 10 pence each ("Ordinary
Shares") at a price of 170 pence per share.
Michael Wade, Chairman Designate, whose appointment as
previously announced will take effect on closure of the Annual
General Meeting on 29 June 2023, acquired 116,470 of the shares
sold by Mr Hanbury.
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 - CEO +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
Numis (Nomad and Broker)
Giles Rolls / Charles Farquhar +44 (0)20 7260 1000
Buchanan (PR)
Helen Tarbet / 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 Nigel Hanbury
------------------------------------------------------------ ----------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------
Executive Deputy Chairman
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 instrument Ordinary Shares of 10 pence each
Identification code ISIN - GB00B23XLS45
------------------------------------------------------------ ----------------------------------
b) Nature of the transaction On market sale of Ordinary Shares
------------------------------------------------------------ ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Sale: 170p 200,000
------------------------------------------------------------ ----------------------------------
d) Aggregated information Price(s) Volume(s)
As above As above
----------
------------------------------------------------------------ ----------------------------------
e) Date of the transaction 06 June 2023
------------------------------------------------------------ ----------------------------------
f) Place of the transaction London Stock Exchange, AIM
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END
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