|
LEI
Number: 213800VFRMBRTSZ3SJ06
|
|
4th April 2024
CHESNARA plc
("Chesnara" or "the Company")
NOTIFICATION OF TRANSACTIONS OF
DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
('PDMRs')
Chesnara plc (CSN.L) announces that
on 2nd April 2024, Steve Murray and David Rimmington
(each a PDMR) were granted awards over the ordinary shares of the
Company under the Chesnara plc 2023 Short Term Incentive Scheme.
Further, on that date, Steve Murray, Amanda Wright, Gavin
Hughes and Al Lonie (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 all made in accordance
with the Directors' Remuneration Policy which was approved by
shareholders on 16th May 2023.
The notifications for each PDMR
below, which are being made in accordance with the requirements of
the UK Market Abuse Regulations, provide further detail of the
awards granted to each PDMR.
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
b)
|
Natural
person:
Legal
person
|
Steve Murray
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status:
|
Group Chief Executive
Officer
|
|
b)
|
Initial notification/amendment
|
Initial notification
|
|
3
|
Details of the Issuer
|
|
a)
|
Name
|
Chesnara plc
|
|
b)
|
Legal Entity Identifier:
|
213800VFRMBRTSZ3SJ06
|
|
4
|
Details of the transaction(s): Parts a-d of this section 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.
|
|
a)
|
Description of the financial instrument, type of instrument
(Identification code)
|
Chesnara plc Ordinary Shares of 5
pence each
(GB00B00FPT80)
|
|
b)
|
Nature of the transaction
|
GRANT 1
Granted under the Chesnara 2023
Short-term Incentive Scheme. The option is not subject to a
performance target.
The option will become exercisable
on 2nd April 2027 and remain exercisable up to and
including 2nd April 2034 if not exercised before that
date.
GRANT 2
Granted under the Chesnara 2023 Long
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
2nd April 2027 and remain exercisable up to and including
2nd April 2034 if not exercised before that
date.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
|
GRANT 1
58,484 Ordinary shares of 5p
each
|
|
|
|
Nil
|
GRANT 2
249,525 Ordinary shares of 5p
each
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
-
308,009 ORDINARY SHARES OF 5P EACH
-
Nil
|
|
e)
|
Date of the transaction (YYYY - MM - DD)
|
2024-04-02
|
|
f)
|
Place of the transaction
|
XOFF
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
b)
|
Natural
person:
Legal
person
|
David Rimmington
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status:
|
Group Finance Director
|
|
b)
|
Initial notification/amendment
|
Initial notification
|
|
3
|
Details of the Issuer
|
|
a)
|
Name
|
Chesnara plc
|
|
b)
|
Legal Entity Identifier:
|
213800VFRMBRTSZ3SJ06
|
|
4
|
Details of the transaction(s): Parts a-d of this section 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.
|
|
a)
|
Description of the financial instrument, type of instrument
(Identification code)
|
Chesnara plc Ordinary Shares of 5
pence each
(GB00B00FPT80)
|
|
b)
|
Nature of the transaction
|
Granted under the Chesnara 2023
Short-term Incentive Scheme. The option is not subject to a
performance target.
The option will become exercisable
on 2nd April 2027 and remain exercisable up to and
including 2nd April 2034 if not exercised before that
date.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
|
39,807 Ordinary shares of 5p
each
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
-
39,807 ORDINARY SHARES OF 5P EACH
-
Nil
|
|
e)
|
Date of the transaction (YYYY - MM - DD)
|
2024-04-02
|
|
f)
|
Place of the transaction
|
XOFF
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
b)
|
Natural
person:
Legal
person
|
Amanda Wright
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status:
|
Group General Counsel & Company
Secretary
|
|
b)
|
Initial notification/amendment
|
Initial notification
|
|
3
|
Details of the Issuer
|
|
a)
|
Name
|
Chesnara plc
|
|
b)
|
Legal Entity Identifier:
|
213800VFRMBRTSZ3SJ06
|
|
4
|
Details of the transaction(s): Parts a-d of this section 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.
|
|
a)
|
Description of the financial instrument, type of instrument
(Identification code)
|
Chesnara plc Ordinary Shares of 5
pence each
(GB00B00FPT80)
|
|
b)
|
Nature of the transaction
|
Granted under the Chesnara 2023 Long
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
2nd April 2027 and remain exercisable up to and including
2nd April 2034 if not exercised before that
date.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
|
39,962 Ordinary shares of 5p
each
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
-
39,962 ORDINARY SHARES OF 5P EACH
-
Nil
|
|
e)
|
Date of the transaction (YYYY - MM - DD)
|
2024-04-02
|
|
f)
|
Place of the transaction
|
XOFF
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
b)
|
Natural
person:
Legal
person
|
Gavin Hughes
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status:
|
Group Chief Risk Officer
|
|
b)
|
Initial notification/amendment
|
Initial notification
|
|
3
|
Details of the Issuer
|
|
a)
|
Name
|
Chesnara plc
|
|
b)
|
Legal Entity Identifier:
|
213800VFRMBRTSZ3SJ06
|
|
4
|
Details of the transaction(s): Parts a-d of this section 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.
|
|
a)
|
Description of the financial instrument, type of instrument
(Identification code)
|
Chesnara plc Ordinary Shares of 5
pence each
(GB00B00FPT80)
|
|
b)
|
Nature of the transaction
|
Granted under the Chesnara 2023 Long
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
2nd April 2027 and remain exercisable up to and including
2nd April 2034 if not exercised before that
date.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
|
42,015 Ordinary shares of 5p
each
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
-
42,015 ORDINARY SHARES OF 5P EACH
-
Nil
|
|
e)
|
Date of the transaction (YYYY - MM - DD)
|
2024-04-02
|
|
f)
|
Place of the transaction
|
XOFF
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
b)
|
Natural
person:
Legal
person
|
Al Lonie
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status:
|
Group Chief of Staff
|
|
b)
|
Initial notification/amendment
|
Initial notification
|
|
3
|
Details of the Issuer
|
|
a)
|
Name
|
Chesnara plc
|
|
b)
|
Legal Entity Identifier:
|
213800VFRMBRTSZ3SJ06
|
|
4
|
Details of the transaction(s): Parts a-d of this section 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.
|
|
a)
|
Description of the financial instrument, type of instrument
(Identification code)
|
Chesnara plc Ordinary Shares of 5
pence each
(GB00B00FPT80)
|
|
b)
|
Nature of the transaction
|
Granted under the Chesnara 2023 Long
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
2nd April 2027 and remain exercisable up to and including
2nd April 2034 if not exercised before that
date.
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
|
37,681 Ordinary shares of 5p
each
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
-
37,681 ORDINARY SHARES OF 5P EACH
-
Nil
|
|
e)
|
Date of the transaction (YYYY - MM - DD)
|
2024-04-02
|
|
f)
|
Place of the transaction
|
XOFF
|
|
Name of authorised official of issuer responsible for making
notification: - Amanda
Wright
Date of notification: - 4th April 2024
|
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 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, the Netherlands and the UK 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 19 years
in succession.
Further details are available on the
Company's website (www.chesnara.co.uk).