Chesnara PLC Director/PDMR Shareholding (5375B)
June 02 2023 - 8:10AM
UK Regulatory
TIDMCSN
RNS Number : 5375B
Chesnara PLC
02 June 2023
LEI Number: 213800VFRMBRTSZ3SJ06
2(nd) June 2023
CHESNARA plc
("Chesnara", "the Company" or the "Group")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY ('PDMRs')
Chesnara plc (the 'Company') announces that on 31(st) May 2023,
Steve Murray and David Rimmington (each a PDMR) were granted awards
over the ordinary shares of the Company under the Chesnara plc 2014
Short Term Incentive Scheme. These awards were made in accordance
with the Directors' Remuneration Policy which was approved by
shareholders on 26(th) May 2020.
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) Legal person
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 Short-term
b) Incentive Scheme, the option is not
subject to a performance target.
The option will become exercisable on
31(st) May 2026 and remain exercisable
up to and including 28(th) April 2032
if not exercised before that date.
------------------------------- ---------------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
------------------------------- --------- ----------------------------------
c) Nil 39,953 Ordinary shares of 5p each
------------------------------- --------- ----------------------------------
Aggregated information
d) - Aggregated volume * 39,953 ORDINARY SHARES OF 5P EACH
- Price
* Nil
------------------------------- ---------------------------------------------
Date of the transaction 2023-05-31
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 Short-term
b) Incentive Scheme, the option is not
subject to a performance target.
The option will become exercisable on
31(st) May 2026 and remain exercisable
up to and including 28(th) April 2032
if not exercised before that date.
------------------------------- ---------------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
------------------------------- --------- ----------------------------------
c) Nil 28,115 Ordinary shares of 5p each
------------------------------- --------- ----------------------------------
Aggregated information
d) - Aggregated volume 28,115 ORDINARY SHARES OF 5P EACH
- Price Nil
------------------------------- ---------------------------------------------
Date of the transaction 2023-05-31
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: - 2(nd) June 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
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