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
  +4.50p +1.16% 394.00p 391.50p 393.50p 395.00p 391.50p 391.50p 17,604 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 823.0 89.6 52.4 7.5 590.45

Chesnara PLC Director/PDMR Shareholding

01/05/2018 7:00am

UK Regulatory (RNS & others)


Chesnara (LSE:CSN)
Historical Stock Chart

6 Months : From Feb 2018 to Aug 2018

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TIDMCSN

RNS Number : 6446M

Chesnara PLC

01 May 2018

Chesnara plc

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

Chesnara plc (the 'Company') today announces that, as at 30 April 2018, 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 
        financial instrument,              pence each 
        type of instrument 
        (Identification code)              (GB00B00FPT80) 
      ---------------------------------  -------------------------------------------------- 
 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 2021 AND REMAIN EXERCISABLE 
                                            UP TO AND INCLUDING 27 APRIL 2028 
                                            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 2021 
                                            AND REMAIN EXERCISABLE UP TO AND 
                                            INCLUDING 27 APRIL 2028 IF NOT EXERCISED 
                                            BEFORE THAT DATE. 
      ---------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s)             Price(s)                      Volume(s) 
      ---------------------------------  ------------  ------------------------------------ 
                                          Nil           GRANT 1 
                                                         31,802 ORDINARY SHARES 
                                                          OF 5P EACH 
      ---------------------------------  ------------  ------------------------------------ 
                                          Nil           GRANT 2 
                                                         107,100 ORDINARY SHARES 
                                                          OF 5P EACH 
      ---------------------------------  ------------  ------------------------------------ 
 d)    Aggregated information 
        - Aggregated volume                       *    138,902 ORDINARY SHARES OF 5P EACH 
        - Price 
 
 
                                                  *    Nil 
      ---------------------------------  -------------------------------------------------- 
 e)    Date of the transaction            2017-04-30 
        (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 
        financial instrument,              pence each 
        type of instrument 
        (Identification code)              (GB00B00FPT80) 
      ---------------------------------  ------------------------------------------------- 
 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 2021 AND REMAIN EXERCISABLE 
                                            UP TO AND INCLUDING 27 APRIL 2028 
                                            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 2021 
                                            AND REMAIN EXERCISABLE UP TO AND 
                                            INCLUDING 27 APRIL 2028 IF NOT EXERCISED 
                                            BEFORE THAT DATE. 
      ---------------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s)             Price(s)                      Volume(s) 
      ---------------------------------  ------------  ----------------------------------- 
                                          Nil           GRANT 1 
                                                         17,620 ORDINARY SHARES 
                                                          OF 5P EACH 
      ---------------------------------  ------------  ----------------------------------- 
                                          Nil                        GRANT 2 
                                                              60,805 ORDINARY SHARES 
                                                                     OF 5P EACH 
      ---------------------------------  ------------  ----------------------------------- 
 d)    Aggregated information 
        - Aggregated volume                       *    78,425 ORDINARY SHARES OF 5P EACH 
        - Price 
 
 
                                                  *    Nil 
      ---------------------------------  ------------------------------------------------- 
 e)    Date of the transaction            2017-04-30 
        (YYYY - MM - DD) 
      ---------------------------------  ------------------------------------------------- 
 f)    Place of the transaction           XOFF 
      ---------------------------------  ------------------------------------------------- 
 
 
 Name of authorised official of issuer responsible for making 
  notification 
  Al Lonie 
 
  Date of notification 1 May 2018 
 

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 BV 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 has been renamed Scildon, is in the Dutch life assurance market, and as with our Swedish subsidiary Movestic, Scildon writes 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

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May 01, 2018 02:00 ET (06:00 GMT)

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