Share Name Share Symbol Market Type Share ISIN Share Description
Chesnara LSE:CSN London Ordinary Share GB00B00FPT80 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +0.13% 395.00p 387.00p 394.75p - - - 16,696 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 653.2 40.7 27.7 14.3 591.49

Chesnara PLC Director/PDMR Shareholding

28/04/2017 3:26pm

UK Regulatory (RNS & others)


Chesnara (LSE:CSN)
Historical Stock Chart

6 Months : From Apr 2017 to Oct 2017

Click Here for more Chesnara Charts.

TIDMCSN

RNS Number : 7462D

Chesnara PLC

28 April 2017

Chesnara plc

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility ('PDMRs')

Chesnara plc (the 'Company') today announces that, on 28 April 2017, 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's 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                     213800VFRMBRTSZ3SJ06 
        Identifier: 
----  -------------------------------  -------------------------------------------------- 
 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                      Chesnara plc Ordinary Shares 
        of the financial                 of 5 pence each 
        instrument, 
        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 2020 AND REMAIN 
                                          EXERCISABLE UP TO AND INCLUDING 
                                          27 APRIL 2027 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 2020 AND REMAIN 
                                          EXERCISABLE UP TO AND INCLUDING 
                                          27 APRIL 2027 IF NOT EXERCISED 
                                          BEFORE THAT DATE. 
----  -------------------------------  -------------------------------------------------- 
 c)    Price(s) and                     Price(s)                       Volume(s) 
        volume(s) 
----  -------------------------------  -------------  ----------------------------------- 
                                        Nil            GRANT 1 
                                                        37,696 ORDINARY 
                                                         SHARES OF 5P EACH 
----  -------------------------------  -------------  ----------------------------------- 
                                        Nil                         GRANT 2 
                                                                111,781 ORDINARY 
                                                                SHARES OF 5P EACH 
----  -------------------------------  -------------  ----------------------------------- 
 d)    Aggregated information 
        - Aggregated                            *    149,477 ORDINARY SHARES OF 5P EACH 
        volume 
        - Price 
 
                                                *    Nil 
----  -------------------------------  -------------------------------------------------- 
 e)    Date of the                      2017-04-28 
        transaction 
        (YYYY - MM - 
        DD) 
----  -------------------------------  -------------------------------------------------- 
 f)    Place of the                     XLON (London Stock Exchange) 
        transaction 
----  -------------------------------  -------------------------------------------------- 
 
 
 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                     213800VFRMBRTSZ3SJ06 
        Identifier: 
----  -------------------------------  ------------------------------------------------- 
 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                      Chesnara plc Ordinary Shares 
        of the financial                 of 5 pence each 
        instrument, 
        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 2020 AND REMAIN 
                                          EXERCISABLE UP TO AND INCLUDING 
                                          27 APRIL 2027 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 2020 AND REMAIN 
                                          EXERCISABLE UP TO AND INCLUDING 
                                          27 APRIL 2027 IF NOT EXERCISED 
                                          BEFORE THAT DATE. 
----  -------------------------------  ------------------------------------------------- 
 c)    Price(s) and                     Price(s)                       Volume(s) 
        volume(s) 
----  -------------------------------  -------------  ---------------------------------- 
                                        Nil            GRANT 1 
                                                        20,293 ORDINARY 
                                                         SHARES OF 5P EACH 
----  -------------------------------  -------------  ---------------------------------- 
                                        Nil                         GRANT 2 
                                                                61,996 ORDINARY 
                                                                SHARES OF 5P EACH 
----  -------------------------------  -------------  ---------------------------------- 
 d)    Aggregated information 
        - Aggregated                            *    82,289 ORDINARY SHARES OF 5P EACH 
        volume 
        - Price 
 
                                                *    Nil 
----  -------------------------------  ------------------------------------------------- 
 e)    Date of the                      2017-04-28 
        transaction 
        (YYYY - MM - 
        DD) 
----  -------------------------------  ------------------------------------------------- 
 f)    Place of the                     XLON (London Stock Exchange) 
        transaction 
----  -------------------------------  ------------------------------------------------- 
 
 
 Name of authorised official of issuer responsible 
  for making notification 
  Zoe Kubiak 
 
  Date of notification 28 April 2017 
-------------------------------------------------- 
 

Notes to Editors

Chesnara plc ('Chesnara'), which listed on the London Stock Exchange in May 2004, is the owner of Countrywide Assured plc ('CA plc'), Movestic Livförsäkringar AB ('Movestic') and Chesnara Holdings BV. Chesnara Holdings B is, the intermediate holding company of 'Waard Group' and 'Scildon'.

CA plc is a UK life assurance subsidiary that is closed to new business. In June 2005 Chesnara acquired a further closed life insurance company - City of Westminster Assurance - for GBP47.8m. With effect from 30 June 2006, CWA's policies and assets were transferred into CA plc. Save & Prosper Insurance Limited and its subsidiary, Save & Prosper Pensions Limited, were acquired on 20 December 2010 for GBP63.5 million. With effect from 31 December 2011, the business of Save & Prosper was transferred into CA plc. On 28 November 2013 Chesnara acquired Direct Line Life Insurance Company Limited (subsequently renamed Protection Life Company Limited) from Direct Line Group plc for GBP39.3m. On 31 December 2014 the PL business transferred into CA plc. CA plc operates an outsourced business model.

Movestic, a Swedish life assurance company which originally focused on pensions and savings, was acquired on 23 July 2009 for GBP20 million. The company is open to new business and seeks to grow its position in the Swedish unit-linked market. Its proposition was strengthened in February 2010 with the acquisition of the operations of Aspis Försäkringar Liv AB which has a risk and health product bias.

The Waard Group, a Netherlands-based Group comprising three closed book insurance companies and a servicing company, was acquired on 19 May 2015 for EUR69.9m. The Waard Group, comprising Waard Leven N.V., Hollands Welvaren Leven N.V., Waard Schade N.V. and Tadas Verzekeringen B.V. was previously owned by DSB Beheer B.V., a Dutch financial services Group. The policy base of the Waard Group is predominantly term life policies, with some unit linked policies and some non-life policies. On 5 April 2017 Chesnara completed its acquisition of Legal & General Nederland Levensverzeikering Maatschappij N.V. ('LGN') for EUR161.2 million. The LGN business which is being renamed Scildon, is in the Dutch life assurance market, and as with our Swedish subsidiary Movestic, Scildon will be writing protection and pension new business.

Further details are available on the Company's website (www.chesnara.co.uk).

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHPGUCPCUPMGCR

(END) Dow Jones Newswires

April 28, 2017 10:26 ET (14:26 GMT)

1 Year Chesnara Chart

1 Year Chesnara Chart

1 Month Chesnara Chart

1 Month Chesnara Chart
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V:gb D:20171016 22:06:30