Conduit Holdings Limited Director/PDMR Shareholding (4053S)

TIDMCRE

RNS Number : 4053S

Conduit Holdings Limited

15 November 2021

This announcement contains inside information for the purpose of the Market Abuse Regulation (EU) No 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended)

Conduit Holdings Limited ("Conduit Holdings")

Hamilton, Bermuda 15 November 2021

PDMR Notification

Conduit Holdings today announces that Richard Sandor, a Director and person discharging managerial responsibilities in Conduit Holdings ("PDMR") acquired 7000 Conduit Holdings common shares of par value $0.01 per share each at an aggregate price of GBP4.5142 per common share.

PDMR Notification of Dealing Form: The notification below, made in accordance with the requirements of the Market Abuse Regulation (EU) 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended), provides further details of the transaction.

 
 1    Details of the person discharging managerial responsibilities ("PDMR") / person closely associated 
       ("PCA") 
 a)   Name                                                             Richard Sandor 
     ---------------------------------------------------------------  ------------------------------------ 
 2    Reason for the Notification 
     ----------------------------------------------------------------------------------------------------- 
 a)   Position/status                                                  Richard Sandor - PDMR and Director 
     ---------------------------------------------------------------  ------------------------------------ 
 b)   Initial notification/amendment                                   Initial notification 
     ---------------------------------------------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------- 
 a)   Name                                                             Conduit Holdings Limited 
     ---------------------------------------------------------------  ------------------------------------ 
 b)   LEI                                                              213800VO4O83JVSSOX33 
     ---------------------------------------------------------------  ------------------------------------ 
 4    Details of the transaction(s): section 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 Financial instrument, type of instrument      Common Shares of $0.01 par value 
     ---------------------------------------------------------------  ------------------------------------ 
      Identification code                                              ISIN BMG243851091 
                                                                        SEDOL BN133N2 
     ---------------------------------------------------------------  ------------------------------------ 
 b)   Nature of the Transaction                                        Acquisition 
     ---------------------------------------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                                           Price(s) 
                                                                        4 November 2021 - GBP4.56 
                                                                        11 November 2021 - GBP4.40 
                                                                        Volume(s) 
                                                                        4 November - 5000 
                                                                        11 November - 2000 
     ---------------------------------------------------------------  ------------------------------------ 
 d)   Aggregated information                                           7000 
       Aggregated volume                                                GBP31,600.00 
       Price                                                            GBP4.5142 per common share 
     ---------------------------------------------------------------  ------------------------------------ 
 e)   Date of the transaction                                          4th & 11th November 2021 
     ---------------------------------------------------------------  ------------------------------------ 
 f)   Place of the transaction                                         London Stock Exchange (XLON) 
     ---------------------------------------------------------------  ------------------------------------ 
 

ENDS

Contacts

Media: David Haggie, Caroline Klein, Haggie Partners [phone] [e-mail]

Other: [e-mail]

Website

Further details of the Conduit Group can be found at its website: https://conduitreinsurance.com/

Notes to Editors

About Conduit Re

Conduit Holdings is a pure play global reinsurance business based in Bermuda. Its main operating subsidiary Conduit Reinsurance Limited, is licensed by the Bermuda Monetary Authority as a Class 4 reinsurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" to Conduit Reinsurance Limited. The outlook assigned to these Credit Ratings (ratings) is stable.

Learn more:

Web: https://conduitreinsurance.com/

LinkedIn: https://www.linkedin.com/company/conduit-re

Twitter: https://twitter.com/Conduit_Re

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END

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November 15, 2021 06:44 ET (11:44 GMT)