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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.00 | 0.80% | 252.50 | 252.50 | 254.00 | 254.00 | 250.00 | 254.00 | 45,750 | 12:18:07 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Life Insurance | -1.11B | -98.33M | -0.6537 | -3.83 | 376.83M |
From Apr 2019 to Apr 2024
TIDMCSN
RNS Number : 4559X
Chesnara PLC
30 April 2019
Chesnara plc
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility ('PDMRs')
Chesnara plc (the 'Company') today announces that, on 29 April 2019, John Deane and David Rimmington (each a PDMR) were granted awards of options over 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
financial instrument, 5 pence each
type of instrument (GB00B00FPT80)
(Identification code)
------------------------------- ----------------------------------------------------------
b) Nature of the transaction GRANT 1
Granted under the Chesnara 2014
Short-term Incentive Scheme. The
award is not subject to a performance
target.
The options will become exercisable
on 28 April 2022 and remain exercisable
up to and including 27 April 2029.
GRANT 2
Granted under the Chesnara 2014
Long-term Incentive Scheme. The
award is subject to a performance
target over a period of three financial
years.
Subject to the achievement of the
performance target, the options
will become exercisable on 28 April
2022 and remain exercisable up
to and including 27 April 2029.
------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------- -------------------------------------------
Nil GRANT 1
13,323 options over ordinary
shares of 5p each
------------------------------- ------------- -------------------------------------------
Nil GRANT 2
125,180 options over ordinary
shares of 5p each
------------------------------- ------------- -------------------------------------------
d) Aggregated information
- Aggregated volume * 138,503 options over ordinary shares of 5p each
- Price
* Nil
------------------------------- ----------------------------------------------------------
e) Date of the transaction 2019-04-29
(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
financial instrument, 5 pence each
type of instrument (GB00B00FPT80)
(Identification code)
------------------------------- ---------------------------------------------------------
b) Nature of the transaction GRANT 1
Granted under the Chesnara 2014
Short-term Incentive Scheme. The
award is not subject to a performance
target.
The options will become exercisable
on 28 April 2022 and remain exercisable
up to and including 27 April 2029.
GRANT 2
Granted under the Chesnara 2014
Long-term Incentive Scheme. The
award is subject to a performance
target over a period of three financial
years.
Subject to the achievement of the
performance target, the options
will become exercisable on 28 April
2022 and remain exercisable up
to and including 27 April 2029.
------------------------------- ---------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------- ------------------------------------------
Nil GRANT 1
7,760 options over ordinary
shares of 5p each
------------------------------- ------------- ------------------------------------------
Nil GRANT 2
71,070 options over ordinary
shares of 5p each
------------------------------- ------------- ------------------------------------------
d) Aggregated information
- Aggregated volume * 78,830 options over ordinary shares of 5p each
- Price
* Nil
------------------------------- ---------------------------------------------------------
e) Date of the transaction 2019-04-29
(YYYY - MM - DD)
------------------------------- ---------------------------------------------------------
f) Place of the transaction XOFF
------------------------------- ---------------------------------------------------------
Name of authorised official of issuer responsible for making notification Al Lonie Date of notification 30 April 2019
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 two closed book insurance companies (life and income protection) and a servicing company, was acquired on 19 May 2015 for EUR69.9m from DSB Beheer B.V., a Dutch financial services Group. The group comprises Waard Leven N.V., Waard Schade N.V. and Waard Verzekeringen B.V. The portfolio of the Waard Group is predominantly term life policies with some unit linked and income protection policies. On 5 April 2017 Chesnara completed its acquisition of Legal & General Nederland Levensverzeikering Maatschappij N.V. ('LGN') for EUR161.2 million. The business was renamed Scildon, is in the Dutch life assurance market and, as with our Swedish subsidiary Movestic, it 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHPGUCWCUPBGAB
(END) Dow Jones Newswires
April 30, 2019 02:01 ET (06:01 GMT)
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