This announcement contains inside information for the purpose of the Market Abuse Regulation (EU) No 596/2014
Conduit Holdings Limited ("Conduit Holdings")
Hamilton, Bermuda 22 April 2021
PDMR Notification
Conduit Holdings today announces that Neil Eckert, a Director and a person discharging managerial responsibilities in Conduit Holdings ("PDMR"), on 14th April 2021, acquired jointly with Nicola Eckert (a person closely associated with Neil Eckert) 7,406 Conduit Holdings common shares of par value $0.01 per share each at a price of 533.75 pence per share. Neil's total current shareholding ownership interest now stands at 587,407 common shares.
PDMR Notification of Dealing Form: The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further details of the transaction.
| 1 | Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | |
| a) | Name | Neil Eckert and Nicola Eckert |
| 2 | Reason for the Notification | |
| a) | Position/status
| Neil Eckert - PDMR and Director Nicola Eckert - PCA |
| 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 of Shares |
| c) | Price(s) and volume(s)
| Price(s) GBP 5.3375 Volume(s) 7,406 |
| d) | Aggregated information
Aggregated volume
Price | 7,406 Common Shares in aggregate
£39,529.52 aggregated total
£5.3375 per Common Share |
| e) | Date of the transaction | 14th April, 2021 |
| f) | Place of the transaction | London Stock Exchange (XLON) |
ENDS
Contacts
Media: David Haggie, Caroline Klein, Haggie Partners +44 (0) 207 562 4444 ConduitRe@haggie.co.uk
Other: info@conduitreinsurance.com
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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