Source - LSE Regulatory
RNS Number : 6724G
Helios Underwriting Plc
28 July 2021
 

 

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 a person discharging managerial responsibilities ("PDMR") of the Company, on the same day sold 4,300 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 140 pence per share, and subsequently repurchased the same number of Ordinary Shares at a price of 141 pence per share into an Individual Savings Accounts, in order to effect "Bed and ISA" trade.

In addition, Nigel Hanbury's three children, Elizabeth Hanbury, George Hanbury and Clementine Hanbury, each of whom are persons closely associated ("PCA") with him, purchased on the same day a number of Ordinary Shares in the Company. Details of these trades are as set out below.

Name

Position/status

No. of Ordinary Shares purchased

Purchase price

Elizabeth Hanbury

PCA

20,700

145p

George Hanbury

PCA

21,000

145p

Clementine Hanbury

PCA

20,700

145p

 

Following the completion of the above transactions, Nigel Hanbury's ultimate beneficial ownership, including shares held by his immediate family members, is 9,289,694 Ordinary Shares in total, representing approximately 13.71 per cent. of the Company's total voting rights.

The information below, set out in accordance with the requirements of the UK 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.

 

The following notification made under Article 19(1) of the UK Market Abuse Regulation ("UK MAR") relates to the distribution in specie of certain ordinary shares in the Company to persons closely associated with a Person Discharging Managerial Responsibilities. This announcement is made in accordance with Article 19(3) of UK MAR.

 

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

 

Nigel Hanbury

2

Reason for the notification


a)


Position/status

 

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)

   

Price(s)

Volume(s)

Sale: 140p

4,300

Purchase: 141p

4,300

 

d)

Aggregated information

 

Price(s)

Volume(s)

Sale: as above

Purchase: as above

As above

As above

 

e)

Date of the transaction

 

27 July 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


a)


Position/status

 

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

 

Acquisition of Ordinary Shares

c)

Price(s) and volume(s)

   

Price(s)

Volume(s)

145p

20,700

 

d)

Aggregated information

 

Price(s)

Volume(s)

As above

As above

 

e)

Date of the transaction

 

27 July 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


a)


Position/status

 

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

 

Acquisition of Ordinary Shares

c)

Price(s) and volume(s)

   

Price(s)

Volume(s)

145p

21,000

 

d)

Aggregated information

 

Price(s)

Volume(s)

As above

As above

 

e)

Date of the transaction

 

27 July 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


a)


Position/status

 

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

 

Acquisition of Ordinary Shares

c)

Price(s) and volume(s)

   

Price(s)

Volume(s)

145p

20,700

 

d)

Aggregated information

 

Price(s)

Volume(s)

As above

As above

 

e)

Date of the transaction

 

27 July 2021

f)

Place of the transaction  

 

London Stock Exchange, AIM

 

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