Chesnara PLC Director/PDMR Shareholding (9565Z)
19 Mayo 2023 - 1:00AM
UK Regulatory
TIDMCSN
RNS Number : 9565Z
Chesnara PLC
19 May 2023
LEI Number: 213800VFRMBRTSZ3SJ06
19(th) May 2023
CHESNARA plc
("Chesnara", "the Company" or the "Group")
NOTIFICATION OF PDMR DEALING AND TOTAL VOTING RIGHTS
Chesnara (CSN.L), the European life insurance consolidator,
today announces that PDMRs Carol Hagh and Steve Murray have
purchased ordinary shares of 5 pence each in the capital of the
Company ("Ordinary Shares"). It further announces that PDMRs Steve
Murray and David Rimmington have exercised options over 165,228
ordinary shares of 5 pence each in the capital of the Company
("Ordinary Shares") as a result of the vesting of the awards made
under the 2014 Chesnara Long Term Incentive Scheme and 2014
Chesnara Short Term Incentive Scheme. Of these, 81,075 Ordinary
Shares were sold to cover liability to tax and national insurance
contributions arising on vesting, with the balance being retained.
The allotment of the 165,228 Ordinary Shares has been satisfied via
the Group's existing block listing arrangements.
Further, in conformity with 5.6.1 of the Disclosure Guidance and
Transparency Rules, as at the date of this announcement the
Company's issued share capital consisted of 150,570,190 Ordinary
Shares and, with no Ordinary Shares in Treasury, this too was the
number of voting rights.
This figure of 150,570,190 may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in the Company under the FCA's Disclosure Guidance and
Transparency Rules.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Carol Hagh
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Chesnara plc
b) LEI 213800VFRMBRTSZ3SJ06
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 Chesnara plc Ordinary Shares
the financial ID Code: (GB00B00FPT80)
instrument, type
of instrument
and identification
code
b) Nature of the 10,000 Ordinary Shares bought.
transaction
c) Price(s) and volume(s) Price: 283.411p. Volume: 10,000.
d) Aggregated information N/A
e) Date of the transaction 18(th) May 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Steve Murray
2 Reason for the notification
a) Position/status Group Chief Executive Officer
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Chesnara plc
b) LEI 213800VFRMBRTSZ3SJ06
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 Chesnara plc Ordinary shares of 5 pence each (Shares)
the financial ID Code: (GB00B00FPT80)
instrument, type
of instrument
and identification
code
b) Nature of the 1. Exercise of options over 102,438 shares following
transaction vesting of the conditional awards under the 2014
Long Term Incentive scheme.
2. 50,922 shares sold to cover tax and social security
obligations.
3. 10,710 Ordinary Shares bought.
c) Price(s) and volume(s) 1. Price(s): nil. Volume: 102,438.
2. Price(s): 276.4447p. Volume: 50,922.
3. Price(s): 274.4577p. Volume: 10,710.
d) Aggregated information N/A
e) Date of the transaction 1. 18 May 2023
2. 18 May 2023
3. 18 May 2023
f) Place of the transaction 1. XOFF
2. London Stock Exchange (XLON)
3. London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Rimmington
2 Reason for the notification
a) Position/status Chief Finance Officer
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Chesnara plc
b) LEI 213800VFRMBRTSZ3SJ06
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 Chesnara plc Ordinary shares of 5 pence each (Shares)
the financial ID Code: (GB00B00FPT80)
instrument, type
of instrument
and identification
code
b) Nature of the 1. Exercise of options over 27,612 shares following
transaction vesting of the conditional awards under the 2014
Long Term Incentive scheme.
2. Exercise of options over 35,178 shares following
vesting of the conditional awards under the 2014
Short Term Incentive scheme.
3. 30,153 shares sold to cover tax and social security
obligations
c) Price(s) and volume(s) 1. Price(s): nil. Volume: 27,612.
2. Price(s): nil. Volume: 35,178.
3. Price(s): 276.4447p. Volume: 30,153.
d) Aggregated information N/A
e) Date of the transaction 1. 18 May 2023
2. 18 May 2023
3. 18 May 2023
f) Place of the transaction 1. XOFF
2. XOFF
3. London Stock Exchange (XLON)
For further information, please contact:
Investor Enquiries
Sam Perowne
Head of Strategic Development & Investor Relations
Chesnara plc
E - sam.perowne@chesnara.co.uk
Media Enquiries
Roddy Watt
Director, Capital Markets
FWD
T - 020 7280 0651 / 07714 770 493
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara (CSN.L) is a European life and pensions consolidator
listed on the London Stock Exchange. It administers approximately
one million policies and operates as Countrywide Assured and CASLP
in the UK, as The Waard Group and Scildon in the Netherlands, and
as Movestic in Sweden.
Following a three-pillar strategy, Chesnara's primary
responsibility is the efficient administration of its customers'
life and savings policies, ensuring good customer outcomes and
providing a secure and compliant environment to protect
policyholder interests. It also adds value by writing profitable
new business in Sweden and the Netherlands and by undertaking
value-adding acquisitions of either companies or portfolios.
Consistent delivery of the Company strategy has enabled Chesnara
to increase its dividend for 18 years in succession.
Further details are available on the Company's website (
www.chesnara.co.uk ).
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