Conduit Holdings Limited Purchase of Shares by Employee Benefit Trust (2264W)
08 Diciembre 2023 - 9:45AM
UK Regulatory
TIDMCRE
RNS Number : 2264W
Conduit Holdings Limited
08 December 2023
Purchase of Shares by Employee Benefit Trust
Purchase of Shares by Employee Benefit Trust
Conduit Holdings Limited
("CHL"; LSE ticker: CRE)
Pembroke, Bermuda - 8 December 2023
Purchase of Shares by Employee Benefit Trust
CHL, the ultimate parent company of Conduit Re, a pure-play
Bermuda-based reinsurance business, was notified on 8 December 2023
by the Trustees of the Conduit Employee Benefit Trust (the "Conduit
EBT") that the Trustees had purchased 111,000 shares of USD 0.01
par value each (ISIN Code: BMG243851091) ("Shares") on the London
Stock Exchange at a gross price of GBP4.69 per share. The purchases
were made by Panmure Gordon (UK) Limited. The Shares held in the
Conduit EBT are intended to be used to satisfy awards made under
the CHL employee share schemes.
The Conduit EBT is a discretionary trust for the benefit of
employees of CHL and its subsidiaries. The Executive Directors of
CHL are included in the class of beneficiaries of the Conduit EBT
and are deemed to be interested in those share awards made to them
and the dealings thereof.
Following this transaction, a total of 7,183,860 Shares
representing 4.348 per cent of CHL's total voting rights is held in
the Conduit EBT. Unless specifically directed by CHL, the Conduit
EBT Trustee shall abstain from exercising its voting rights over
the Shares held by the Conduit EBT at any general meeting of CHL.
If CHL directs that the Conduit EBT Trustee may vote, CHL cannot
direct the manner in which the Conduit EBT Trustee exercises its
votes.
Media contacts
H/Advisors Maitland - Vikki Kosmalska / Alistair de
Kare-Silver
+44 (0) 207 379 5151
conduitre@h-advisors.global
Investor relations and other enquiries:
info@conduitreinsurance.com
Panmure Gordon (UK) Limited (Joint Corporate Broker)
+44 (0) 207 886 2500
Berenberg (Joint Corporate Broker)
+44 (0) 203 207 7800
Peel Hunt (Joint Corporate Broker)
+44 (0) 207 418 8900
About Conduit Re
Conduit Re is a pure-play Bermuda-based reinsurance business
with global reach. Conduit Reinsurance Limited is licensed by the
Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has
assigned a Financial Strength Rating of A- (Excellent) and a
Long-Term Issuer Credit Rating of a- (Excellent) to Conduit
Reinsurance Limited. The outlook assigned to these ratings is
stable.
Conduit Holdings Limited is the ultimate parent of Conduit
Reinsurance Limited and is listed on the London Stock Exchange
(ticker: CRE). References to "Conduit" include Conduit Holdings
Limited and all of its subsidiary companies.
Learn more about Conduit Re:
Website: https://conduitreinsurance.com/
LinkedIn: https://www.linkedin.com/company/conduit-re
Neither the content of Conduit's website, nor the content on any
website accessible from hyperlinks on its website for any other
website, is incorporated into, or forms part of, this announcement
nor, unless previously published by means of a regulated
information service, should any such content be relied upon in
reaching a decision as to whether or not to acquire, continue to
hold, or dispose of, securities in Conduit.
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END
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December 08, 2023 10:45 ET (15:45 GMT)
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