Helios Underwriting Plc Director/PDMR Shareholding (8616G)

TIDMHUW

RNS Number : 8616G

Helios Underwriting Plc

01 April 2022

Helios Underwriting plc

("Helios" , "Company" or the "Group" )

Director 's Shareholding

Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's , was informed on 31 March 2022 that , on the same day, The 1609 Fund Ltd , which is under the management of ILS Capital Management Ltd, a Company which Tom Libassi, Non-Executive Director of the Company , co-founde d and is managing partner of, purchased 5,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at 164 pence each. Mr Libassi is also a director of The 1609 Fund Ltd.

Following the completion of the above transaction , f unds under management of, or associated with, ILS Capital Management Ltd, hold in aggregate 13,407,000 Ordinary Shares, representing approximately 19.5 per cent. of the Company's total voting rights.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the transaction.

For further information please contact:

Helios Underwriting plc

Nigel Hanbury - Chief Executive [phone] / [e-mail]

   Arthur Manners - Chief Financial Officer                               [phone] 

Shore Capital (Nomad and Broker)

Robert Finlay [phone]

David Coaten

Henry Willcocks

Buchanan

   Helen Tarbet / Henry Wilson / George Beale                        [phone] 

[phone]

About Helios

Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately GBP232m of capacity for the 2022 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.

 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                                          Tom Libassi 
      ------------------------------------------------------------  --------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------------------------------- 
                                                                     Non-Executive Director, a PDMR of the issuer 
  a)    Position/status 
      ------------------------------------------------------------  --------------------------------------------- 
 b)    Initial notification/Amendment                                Initial Notification 
      ------------------------------------------------------------  --------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
      ----------------------------------------------------------------------------------------------------------- 
 a)    Name                                                          Helios Underwriting Plc 
      ------------------------------------------------------------  --------------------------------------------- 
 b)    LEI                                                           213800FX86DJW5TCM864 
      ------------------------------------------------------------  --------------------------------------------- 
 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    Ordinary Shares of 10 pe nce each 
 
        Identification code                                            ISIN - GB00B23XLS45 
      ------------------------------------------------------------  --------------------------------------------- 
 b)    Nature of the transaction                                     Purchase of Ordinary Shares 
      ------------------------------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s)                                            Price(s)      Volume(s) 
                                                                       Purchase: 164      5,000 
                                                                                       ---------- 
      ------------------------------------------------------------  --------------------------------------------- 
 d)    Aggregated information                                              Price(s)        Volume(s) 
                                                                       Purchase: as above   As above 
                                                                                           ---------- 
      ------------------------------------------------------------  --------------------------------------------- 
 e)    Date of the transaction                                       31 March 2022 
      ------------------------------------------------------------  --------------------------------------------- 
 f)    Place of the transaction                                      London Stock Exchange, AIM 
      ------------------------------------------------------------  --------------------------------------------- 
 

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April 01, 2022 02:01 ET (06:01 GMT)