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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Chesnara Plc | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.50 | -0.20% | 252.00 | 251.50 | 253.50 | 254.00 | 250.00 | 252.00 | 295,727 | 16:35:29 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Life Insurance | -1.11B | -98.33M | -0.6537 | -3.88 | 381.34M |
From Apr 2019 to Apr 2024
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.
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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
DSHWGURGCUPRGQU
(END) Dow Jones Newswires
May 01, 2018 02:00 ET (06:00 GMT)
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