Chesnara PLC Director/PDMR Shareholding (8780T)
November 17 2023 - 10:30AM
UK Regulatory
TIDMCSN
RNS Number : 8780T
Chesnara PLC
17 November 2023
LEI Number: 213800VFRMBRTSZ3SJ06
17(th) November 2023
CHESNARA plc
("Chesnara", the "Company" or the "Group")
GRANT OF OPTIONS AND PDMR/DIRECTOR SHAREHOLDINGS
Chesnara announces that, as part of the Company's Save As You
Earn Scheme ("SAYE Scheme") a total of 7,574 options to subscribe
for ordinary shares of 5 pence each in the capital of the Company
("2023 SAYE Scheme Options") have been granted to Persons
Discharging Managerial Responsibility ("PDMRs") of the Company or
their Persons Closely Associated ("PCAs").
Under the SAYE Scheme, which was made available to all eligible
employees of the Company, the 2023 SAYE Scheme Options have an
exercise price, calculated in accordance with the rules of the SAYE
Scheme, of 220.40p for each 2023 SAYE Scheme Option. Subject to the
rules of the SAYE Scheme, participants will be able to exercise
their 2023 SAYE Scheme Options within six-months commencing 1
December 2026.
Including the PDMRs and PCAs referred to above, a total of 36
employees participated in the 2023 invitation with a total of
113,688 2023 SAYE Scheme Options being granted.
The following notifications have been made in accordance with
the requirements of the EU Market Abuse Regulation as part of UK
domestic law by virtue of the European Union (Withdrawal) Act
2018.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gavin Hughes
2 Reason for the notification
a) Position/status Group Chief Risk Officer (and PDMR)
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 Ordinary shares of 5 pence each
the financial ID code: GB00B00FPT80
instrument, type
of instrument
and identification
code
b) Nature of the Grant of options to acquire Chesnara plc Ordinary
transaction Shares under the SAYE Scheme
c) Price(s) and volume(s) Option Price(s): 220.40p Volume: 3,366.
d) Aggregated information N/A
e) Date of the transaction 27(th) October 2023
f) Place of the transaction Outside a trading venue (XOFF)
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Caitlyn Lonie
2 Reason for the notification
a) Position/status Risk Analyst and PCA of Group Chief of Staff (and
PDMR) Al Lonie
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 Ordinary shares of 5 pence each
the financial ID code: GB00B00FPT80
instrument, type
of instrument
and identification
code
b) Nature of the Grant of options to acquire Chesnara plc Ordinary
transaction Shares under the SAYE Scheme
c) Price(s) and volume(s) Option Price(s): 220.40p Volume: 4,208.
d) Aggregated information N/A
e) Date of the transaction 27(th) October 2023
f) Place of the transaction Outside a trading venue (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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