Chesnara PLC Director/PDMR Shareholding (7728J)
April 29 2022 - 1:02AM
UK Regulatory
TIDMCSN
RNS Number : 7728J
Chesnara PLC
29 April 2022
LEI Number: 213800VFRMBRTSZ3SJ06
29 April 2022
CHESNARA plc
("Chesnara" or "the Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY ('PDMRs')
Chesnara plc (the 'Company') announces that on 28 April 2022
Steve Murray and David Rimmington (each a PDMR) were granted awards
over the ordinary shares of the Company under the Chesnara plc Long
Term and Short Term Incentive Schemes. These awards were made in
accordance with the Directors' Remuneration Policy which was
approved by shareholders on 26 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.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Natural person: Steve Murray
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 2025 and remain exercisable
up to and including 27 April 2032 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 2025 and remain exercisable
up to and including 27 April 2032 if
not exercised before that date.
------------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ---------- -------------------------------------
Nil GRANT 1
29,525 Ordinary shares of 5p each
------------------------------- ---------- -------------------------------------
Nil GRANT 2
147,627 Ordinary shares of 5p each
------------------------------- ---------- -------------------------------------
d) Aggregated information
- Aggregated volume * 177,152 ORDINARY SHARES OF 5P EACH
- Price
* Nil
------------------------------- -------------------------------------------------
e) Date of the transaction 2022-04-28
(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 2025 and remain exercisable
up to and including 27 April 2032 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 2025 and remain exercisable
up to and including 27 April 2032 if
not exercised before that date.
------------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ---------- -------------------------------------
Nil GRANT 1
31,327 Ordinary shares of 5p each
------------------------------- ---------- -------------------------------------
Nil GRANT 2
105,556 Ordinary shares of 5p
each
------------------------------- ---------- -------------------------------------
d) Aggregated information
- Aggregated volume 136,883 ORDINARY SHARES OF 5P EACH
- Price Nil
------------------------------- -------------------------------------------------
e) Date of the transaction 2022-04-28
(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 2022
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 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 Sanlam Life &
Pensions 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 17 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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