Conduit Holdings Limited PDMR Notification (5019T)

TIDMCRE

RNS Number : 5019T

Conduit Holdings Limited

24 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 - 24 November 2021

PDMR Notification

Conduit Holdings today announces that Richard Sandor, a Director and person discharging managerial responsibilities in Conduit Holdings ("PDMR"), on 19 & 22 November 2021, acquired 3,900 Conduit Holdings common shares of par value $0.01 per share each at an aggregate price of GBP4.317 per common share. Richard Sandor's total current shareholding ownership interest in Conduit Holdings Limited now stands at 13,900 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                                                             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) 
                                                                        19 November 2021 - GBP 4.33 
                                                                        22 November 2021 - GBP 4.31 
                                                                        Volume(s) 
                                                                        19 November 2021 -1400 
                                                                        22 November 2021 - 2500 
     ---------------------------------------------------------------  ------------------------------------ 
 d)   Aggregated information                                           3900 
       Aggregated volume                                                GBP16,837.00 aggregated total 
       Price                                                            GBP4.317 per common share 
     ---------------------------------------------------------------  ------------------------------------ 
 e)   Date of the transaction                                          19 November 2021 
                                                                        22 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 24, 2021 10:58 ET (15:58 GMT)