Helios Underwriting plc
("Helios", "Company" or the "Group")
Director's/PCAs' Shareholdings
Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's, was informed yesterday that, Nigel Hanbury, Chief Executive Officer and person discharging managerial responsibilities ("PDMR") of the Company, and his three children, Elizabeth Hanbury, George Hanbury and Clementine Hanbury, each of whom are persons closely associated ("PCA") with him, have sold a number of ordinary shares of 10 pence each ("Ordinary Shares"), and subsequently repurchased the same number of Ordinary Shares into their respective Individual Savings Accounts (ISAs), in order to effect "Bed and ISA" trades. Details of these trades are as set out below:
| Name | Position/status | No. of Ordinary Shares Sold | Sale price | No. of Ordinary Shares Repurchased | Purchase Price |
| Nigel Hanbury | Director/PDMR | 173,000 | 165p | 173,000 | 165.017p |
| Elizabeth Hanbury | PCA | 151,500 | 165p | 151,500 | 165.02p |
| George Hanbury | PCA | 127,800 | 165p | 127,800 | 165.0203p |
| Clementine Hanbury | PCA | 90,500 | 165p | 90,500 | 165.033p |
Following the completion of the above transactions, Nigel Hanbury's ultimate beneficial ownership, including shares held by his immediate family members, is unchanged and remains at 9,227,294 Ordinary Shares in total, representing approximately 27.53 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 transactions.
For further information please contact:
Helios Underwriting plc
Nigel Hanbury - Chief Executive +44 (0)7787 530 404 / nigel.hanbury@huwplc.com
Arthur Manners - Chief Financial Officer +44 (0)7754 965 917
Shore Capital (Nomad and Broker)
Robert Finlay +44 (0)20 7408 4080
David Coaten
Henry Willcocks
Willis Re Securities (Financial Adviser)
Alastair Rodger +44 (0)20 3124 6033
Quentin Perrot +44 (0)20 3124 6499
Buchanan
Helen Tarbet / Henry Wilson / 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 £110m of capacity for the 2021 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
| Nigel Hanbury | ||||||
| 2 | Reason for the notification | |||||||
|
|
| Director, a PDMR of the issuer | ||||||
| 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 sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement | ||||||
| c) | Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information
|
| ||||||
| e) | Date of the transaction
| 10 March 2021 | ||||||
| f) | Place of the transaction
| London Stock Exchange, AIM | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name
| Elizabeth Hanbury | ||||||
| 2 | Reason for the notification | |||||||
|
|
| PCA of Nigel Hanbury | ||||||
| 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 sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement | ||||||
| c) | Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information
|
| ||||||
| e) | Date of the transaction
| 10 March 2021 | ||||||
| f) | Place of the transaction
| London Stock Exchange, AIM | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name
| George Hanbury | ||||||
| 2 | Reason for the notification | |||||||
|
|
| PCA of Nigel Hanbury | ||||||
| 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 sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement | ||||||
| c) | Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information
|
| ||||||
| e) | Date of the transaction
| 10 March 2021 | ||||||
| f) | Place of the transaction
| London Stock Exchange, AIM | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name
| Clementine Hanbury | ||||||
| 2 | Reason for the notification | |||||||
|
|
| PCA of Nigel Hanbury | ||||||
| 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 sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement | ||||||
| c) | Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information
|
| ||||||
| e) | Date of the transaction
| 10 March 2021 | ||||||
| f) | Place of the transaction
| London Stock Exchange, AIM | ||||||
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