Chesnara PLC Director/PDMR Shareholding (9520W)
April 29 2021 - 1:00AM
UK Regulatory
TIDMCSN
RNS Number : 9520W
Chesnara PLC
29 April 2021
CHESNARA plc
("Chesnara" or "the Company")
29 April 2021
LEI Number: 213800VFRMBRTSZ3SJ06
NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY ('PDMRs')
Chesnara plc (the 'Company') today announces that, as at 28
April 2021, John Deane and David Rimmington (each a PDMR) were
granted awards in the ordinary shares of the Company under the
Chesnara plc Long Term and Short Term Schemes. These awards were
made in accordance with the Directors' Remuneration Policy.
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.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Natural person: John Deane
b) Legal person
------------------------------- -------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status: 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 Chesnara plc Ordinary Shares of 5 pence
financial instrument, each
type of instrument (GB00B00FPT80)
(Identification code)
------------------------------- -------------------------------------------------
b) Nature of the transaction GRANT 1
Granted under the Chesnara 2014 Short-term
Incentive Scheme. The option is not
subject to a performance target.
The option will become exercisable on
28 April 2024 and remain exercisable
up to and including 27 April 2031 if
not exercised before that date.
GRANT 2
Granted under the Chesnara 2014 Long-term
Incentive Scheme. The option is subject
to a performance target over a period
of three financial years.
Subject to the achievement of the performance
target, the option will become exercisable
on 28 April 2024 and remain exercisable
up to and including 27 April 2031 if
not exercised before that date.
------------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ---------- -------------------------------------
Nil GRANT 1
31,065 Ordinary shares of 5p each
------------------------------- ---------- -------------------------------------
Nil GRANT 2
166,453 Ordinary shares of 5p each
------------------------------- ---------- -------------------------------------
d) Aggregated information
- Aggregated volume * 197,518 ORDINARY SHARES OF 5P EACH
- Price
* Nil
------------------------------- -------------------------------------------------
e) Date of the transaction 2021-04-28
(YYYY - MM - DD)
------------------------------- -------------------------------------------------
f) Place of the transaction XOFF
------------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Natural person: David Rimmington
b) Legal person
------------------------------- -------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status: Chief Finance 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 Chesnara plc Ordinary Shares of 5 pence
financial instrument, each
type of instrument (GB00B00FPT80)
(Identification code)
------------------------------- -------------------------------------------------
b) Nature of the transaction GRANT 1
Granted under the Chesnara 2014 Short-term
Incentive Scheme. The option is not
subject to a performance target.
The option will become exercisable on
28 April 2024 and remain exercisable
up to and including 27 April 2031 if
not exercised before that date.
GRANT 2
Granted under the Chesnara 2014 Long-term
Incentive Scheme. The option is subject
to a performance target over a period
of three financial years.
Subject to the achievement of the performance
target, the option will become exercisable
on 28 April 2024 and remain exercisable
up to and including 27 April 2031 if
not exercised before that date.
------------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ---------- -------------------------------------
Nil GRANT 1
18,803 Ordinary shares of 5p each
------------------------------- ---------- -------------------------------------
Nil GRANT 2
94,502 Ordinary shares of 5p each
------------------------------- ---------- -------------------------------------
d) Aggregated information
- Aggregated volume 113,305 ORDINARY SHARES OF 5P EACH
- Price Nil
------------------------------- -------------------------------------------------
e) Date of the transaction 2021-04-28
(YYYY - MM - DD)
------------------------------- -------------------------------------------------
f) Place of the transaction XOFF
------------------------------- -------------------------------------------------
Name of authorised official of issuer responsible for making
notification: - Al Lonie
Date of notification: - 29 April 2021
For further information, please contact:
Roddy Watt
Director, Capital Markets
FWD
Forward thinking communications
T - 020 7280 0651
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara is a life and pensions company listed on the London
Stock Exchange. It administers over 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 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 16 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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