CSN Chesnara Plc

TIDMCSN

RNS Number : 2513F

Chesnara PLC

07 July 2023

 
 
 
   LEI Number: 213800VFRMBRTSZ3SJ06 
 

7(th) July 2023

CHESNARA plc

("Chesnara" or "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ('PDMRs')

Chesnara plc (CSN.L) announces that on 6(th) July 2023, Steve Murray and David Rimmington (each a PDMR) were granted awards over the ordinary shares of the Company under the Chesnara plc 2023 Long Term Incentive Plan. These awards were made in accordance with the Directors' Remuneration Policy which was approved by shareholders on 16(th) May 2023.

The notifications for each PDMR below, which are being made in accordance with the requirements of the EU Market Abuse Regulations, provide further detail of the awards granted to each PDMR.

 
       Details of the person discharging managerial responsibilities/person 
  1     closely associated 
       Natural person:                  Steve Murray 
  a)    Legalperson 
 
  b) 
      -------------------------------  ------------------------------------------------- 
       Reason for the notification 
  2 
      ---------------------------------------------------------------------------------- 
       Position/status:                 Group Chief Executive Officer 
  a) 
      -------------------------------  ------------------------------------------------- 
       Initial notification/amendment   Initial notification 
  b) 
      -------------------------------  ------------------------------------------------- 
       Details of the Issuer 
  3 
      ---------------------------------------------------------------------------------- 
       Name                             Chesnara plc 
  a) 
      -------------------------------  ------------------------------------------------- 
       Legal Entity Identifier:         213800VFRMBRTSZ3SJ06 
  b) 
      -------------------------------  ------------------------------------------------- 
       Details of the transaction(s): Parts a-d of this section 
  4     are 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. 
      ---------------------------------------------------------------------------------- 
       Description of the               Chesnara plc Ordinary Shares of 5 pence 
  a)    financial instrument,            each 
        type of instrument               (GB00B00FPT80) 
        (Identification code) 
      -------------------------------  ------------------------------------------------- 
       Nature of the transaction        Granted under the Chesnara 2014 Long 
  b)                                     Term Incentive Plan, the option is subject 
                                         to performance targets over a period 
                                         of three financial years. 
 
                                         Subject to the achievement of the performance 
                                         target, the option will become exercisable 
                                         on 6(th) July 2026 and remain exercisable 
                                         up to and including 6(th) July 2033 
                                         if not exercised before that date. 
      -------------------------------  ------------------------------------------------- 
       Price(s) and volume(s)           Price(s)     Volume(s) 
      -------------------------------  -----------  ------------------------------------ 
                                        Nil          210,386 Ordinary shares of 5p 
 c)                                                   each 
      -------------------------------  -----------  ------------------------------------ 
       Aggregated information 
  d)    - Aggregated volume                *    210,386 ORDINARY SHARES OF 5P EACH 
        - Price 
 
                                           *    Nil 
      -------------------------------  ------------------------------------------------- 
       Date of the transaction          2023-07-06 
  e)    (YYYY - MM - DD) 
      -------------------------------  ------------------------------------------------- 
 f)    Place of the transaction         XOFF 
      -------------------------------  ------------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities/person 
  1     closely associated 
       Natural person:                  David Rimmington 
  a)    Legal person 
 
  b) 
      -------------------------------  ------------------------------------------------- 
       Reason for the notification 
  2 
      ---------------------------------------------------------------------------------- 
       Position/status:                 Chief Finance Officer 
  a) 
      -------------------------------  ------------------------------------------------- 
       Initial notification/amendment   Initial notification 
  b) 
      -------------------------------  ------------------------------------------------- 
       Details of the Issuer 
  3 
      ---------------------------------------------------------------------------------- 
       Name                             Chesnara plc 
  a) 
      -------------------------------  ------------------------------------------------- 
       Legal Entity Identifier:         213800VFRMBRTSZ3SJ06 
  b) 
      -------------------------------  ------------------------------------------------- 
       Details of the transaction(s): Parts a-d of this section 
  4     are 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. 
      ---------------------------------------------------------------------------------- 
       Description of the               Chesnara plc Ordinary Shares of 5 pence 
  a)    financial instrument,            each 
        type of instrument               (GB00B00FPT80) 
        (Identification code) 
      -------------------------------  ------------------------------------------------- 
       Nature of the transaction        Granted under the Chesnara 2014 Long 
  b)                                     Term Incentive Plan, the option is subject 
                                         to performance targets over a period 
                                         of three financial years. 
 
                                         Subject to the achievement of the performance 
                                         target, the option will become exercisable 
                                         on 6(th) July 2026 and remain exercisable 
                                         up to and including 6(th) July 2033 
                                         if not exercised before that date. 
      -------------------------------  ------------------------------------------------- 
       Price(s) and volume(s)           Price(s)     Volume(s) 
      -------------------------------  -----------  ------------------------------------ 
                                        Nil          115,927 Ordinary shares of 5p 
 c)                                                   each 
      -------------------------------  -----------  ------------------------------------ 
       Aggregated information 
  d)    - Aggregated volume               115,927 ORDINARY SHARES OF 5P EACH 
        - Price                           Nil 
      -------------------------------  ------------------------------------------------- 
       Date of the transaction          2023-07-06 
  e)    (YYYY - MM - DD) 
      -------------------------------  ------------------------------------------------- 
       Place of the transaction         XOFF 
  f) 
      -------------------------------  ------------------------------------------------- 
 
 
 Name of authorised official of issuer responsible for making 
  notification: - Amanda Wright 
 
  Date of notification: - 7(th) July 2023 
 

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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(END) Dow Jones Newswires

July 07, 2023 02:00 ET (06:00 GMT)