21 August 2023
Helios Underwriting plc
("Helios" or the "Company")
Director's Shareholding
Helios, the investment vehicle which builds shareholder value through exposure to Lloyd's, was informed on 18 August 2023 that 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-founded and is managing partner of, on the same day acquired 6,500 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 115 pence per share. Mr Libassi is also a director of The 1609 Fund Ltd.
The notifications below, which has been made in accordance with the requirement of the EU Market Abuse Regulation, provide further details.
For further information, please contact:
Helios Underwriting plc
Martin Reith - CEO +44 (0)7720 292 505
Nigel Hanbury - Executive Deputy Chairman +44 (0)7787 530 404
Arthur Manners - Chief Financial Officer +44 (0)7754 965 917
Numis (Nomad and Broker)
Giles Rolls / Charles Farquhar +44 (0)20 7260 1000
Buchanan (PR)
Helen Tarbet / George Beale +44 (0)7872 604 453
+44 (0)20 7466 5111
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 £310.8m of capacity for the 2023 account. The portfolio provides a good spread of business being concentrated in property & casualty insurance and reinsurance. For further information please visit www.huwplc.com.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name
| Thomas Libassi | ||||||
| 2 | Reason for the notification | |||||||
|
|
| Director | ||||||
| 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
Identification code | Ordinary Shares of 10 pence each
ISIN - GB00B23XLS45 | ||||||
| b) | Nature of the transaction
| On market purchase of Ordinary Shares | ||||||
| c) | Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information
|
| ||||||
| e) | Date of the transaction | 18 August 2023 | ||||||
| f) | Place of the transaction
| London Stock Exchange, AIM | ||||||
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