Conduit Holdings Limited PDMR Notification (2727R)

TIDMCRE

RNS Number : 2727R

Conduit Holdings Limited

03 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 4 November 2021

PDMR Notification

Conduit Holdings today announces that Elain Whelan , a Director and a person discharging managerial responsibilities in Conduit Holdings ("PDMR"), on 3 November 2021, acquired 22,000 common shares. Elaine's total current shareholding ownership interest now stands at 41,950 common shares.

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                                                         Elaine Whelan 
     -----------------------------------------------------------  ---------------------------------------- 
 2    Reason for the Notification 
     ----------------------------------------------------------------------------------------------------- 
 a)   Position/status                                              Elaine Whelan - PDMR 
     -----------------------------------------------------------  ---------------------------------------- 
 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             Common Shares of $0.01 par value 
       instrument 
     -----------------------------------------------------------  ---------------------------------------- 
      Identification code                                          ISIN BMG243851091 
                                                                    SEDOL BN133N2 
     -----------------------------------------------------------  ---------------------------------------- 
 b)   Nature of the Transaction                                    Acquisition of Shares 
     -----------------------------------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)                                       Price(s) 
                                                                    GBP 4.44 
                                                                    Volume(s) 
                                                                    22,000 
     -----------------------------------------------------------  ---------------------------------------- 
 d)   Aggregated information                                       22,000 Common Shares in aggregate 
 
                                                                    GBP97,680 aggregated total 
       Aggregated volume 
 
                                                                    GBP4.44 per Common Share 
 
       Price 
     -----------------------------------------------------------  ---------------------------------------- 
 e)   Date of the transaction                                      3 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 03, 2021 13:34 ET (17:34 GMT)