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 15 October 2021 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-founded and is managing partner of, purchased 150,000 ordinary shares of 10 pence each ("Ordinary Shares") in the Company at 145.37 pence each. Mr Libassi is also a director of The 1609 Fund Ltd.
Following the completion of the above transaction, funds under management of, or associated with, ILS Capital Management Ltd, hold in aggregate 13,150,000 Ordinary Shares, representing approximately 19.15 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 +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
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 £131m of capacity for the 2021 account based on the LLV acquisitions completed to date in 2021. 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 | |||||
|
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| Non-Executive 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
| Purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
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| ||||
| e) | Date of the transaction
| 15 October 2021 | ||||
| f) | Place of the transaction
| London Stock Exchange, AIM | ||||
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