TIDMCSN

RNS Number : 6675F

Chesnara PLC

11 July 2023

 
 
 
   LEI Number: 213800VFRMBRTSZ3SJ06

11(th) July 2023

CHESNARA plc

("Chesnara", "the Company" or the "Group")

NOTIFICATION OF PDMR DEALING

Chesnara (CSN.L), the European life insurance consolidator, today announces that PDMR Steve Murray has exercised options over 20,722 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") as a result of the vesting of awards made under the 2014 Chesnara Long Term Incentive Scheme. Of these, 10,091 Ordinary Shares were sold to cover liabilities to tax and national insurance contributions arising on vesting, with the balance being retained. The allotment of the 20,722 Ordinary Shares has been satisfied via the Group's existing block listing arrangements.

 
 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 20,722 shares following 
       transaction                   vesting of the conditional awards under the 2014 
                                     Long Term Incentive scheme. 
                                     2. 10,091 shares sold to cover tax and social security 
                                     obligations. 
 c)   Price(s) and volume(s)        1. Price(s): nil. Volume: 20,722. 
                                     2. Price(s): 270.9775p. Volume: 10,091. 
 d)   Aggregated information     N/A 
 e)   Date of the transaction       1. 10(th) July 2023 
                                     2. 11(th) July 2023 
 f)   Place of the transaction      1. XOFF 
                                     2. XOFF

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

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(END) Dow Jones Newswires

July 11, 2023 06:45 ET (10:45 GMT)

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