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CSN Chesnara Plc

250.50
-2.50 (-0.99%)
24 Apr 2024 - Closed
Delayed by 15 minutes
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
  -2.50 -0.99% 250.50 250.00 252.00 255.00 250.00 251.50 218,273 16:35:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance -1.11B -98.33M -0.6537 -3.85 379.08M

Chesnara PLC Director/PDMR Shareholding (7728J)

29/04/2022 7:02am

UK Regulatory


Chesnara (LSE:CSN)
Historical Stock Chart


From Apr 2022 to Apr 2024

Click Here for more Chesnara Charts.

TIDMCSN

RNS Number : 7728J

Chesnara PLC

29 April 2022

 
 
 
   LEI Number: 213800VFRMBRTSZ3SJ06 
 

29 April 2022

CHESNARA plc

("Chesnara" or "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ('PDMRs')

Chesnara plc (the 'Company') announces that on 28 April 2022 Steve Murray and David Rimmington (each a PDMR) were granted awards over the ordinary shares of the Company under the Chesnara plc Long Term and Short Term Incentive Schemes. These awards were made in accordance with the Directors' Remuneration Policy which was approved by shareholders on 26 May 2020.

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:                  Steve Murray 
  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 pence 
        financial instrument,            each 
        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 2025 and remain exercisable 
                                         up to and including 27 April 2032 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 2025 and remain exercisable 
                                         up to and including 27 April 2032 if 
                                         not exercised before that date. 
      -------------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)    Volume(s) 
      -------------------------------  ----------  ------------------------------------- 
                                        Nil         GRANT 1 
                                                     29,525 Ordinary shares of 5p each 
      -------------------------------  ----------  ------------------------------------- 
                                        Nil         GRANT 2 
                                                     147,627 Ordinary shares of 5p each 
      -------------------------------  ----------  ------------------------------------- 
 d)    Aggregated information 
        - Aggregated volume                *    177,152 ORDINARY SHARES OF 5P EACH 
        - Price 
 
                                           *    Nil 
      -------------------------------  ------------------------------------------------- 
 e)    Date of the transaction          2022-04-28 
        (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 pence 
        financial instrument,            each 
        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 2025 and remain exercisable 
                                         up to and including 27 April 2032 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 2025 and remain exercisable 
                                         up to and including 27 April 2032 if 
                                         not exercised before that date. 
      -------------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)    Volume(s) 
      -------------------------------  ----------  ------------------------------------- 
                                        Nil         GRANT 1 
                                                     31,327 Ordinary shares of 5p each 
      -------------------------------  ----------  ------------------------------------- 
                                        Nil         GRANT 2 
                                                     105,556 Ordinary shares of 5p 
                                                      each 
      -------------------------------  ----------  ------------------------------------- 
 d)    Aggregated information 
        - Aggregated volume               136,883 ORDINARY SHARES OF 5P EACH 
        - Price                           Nil 
      -------------------------------  ------------------------------------------------- 
 e)    Date of the transaction          2022-04-28 
        (YYYY - MM - DD) 
      -------------------------------  ------------------------------------------------- 
 f)    Place of the transaction         XOFF 
      -------------------------------  ------------------------------------------------- 
 
 
 Name of authorised official of issuer responsible for making 
  notification: - Al Lonie 
 
  Date of notification: - 29 April 2022 
 

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 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 Sanlam Life & Pensions 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 17 years in succession.

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.

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END

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April 29, 2022 02:02 ET (06:02 GMT)

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