Conduit Holdings Limited ("Conduit Holdings" or "the Company")
Pembroke, Bermuda -4 March 2022
Transactions in own shares
Conduit Holdings announces today it has purchased the following number of its common shares of USD 0.01 par value each (ISIN Code: BMG243851091) on the London Stock Exchange. The purchases were made by Panmure Gordon & Co ("Panmure Gordon").
| Date of purchase: | 3 March 2022 |
| Aggregate number of ordinary shares of USD 0.01 each purchased: | 20,000 |
| Lowest price paid per share (GBp): | 374p |
| Highest price paid per share (GBp): | 380p |
| Volume weighted average price paid per share (GBp): | 377p |
The Company will hold the repurchased shares in treasury to meet future obligations under Conduit Holdings' variable incentive schemes. Following the above transaction, the Company holds 207,823 of its common shares in treasury and has 165,239,997 common shares in issue (including treasury shares). Therefore, the total voting rights in the Company will be 165,032,174.
This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
These share purchases form part of the Company's existing buy-back programme announced on 29 December 2021. Repurchases may be made up to and including the conclusion of the 2022 AGM or at 6.00 p.m.UK time on 31 August 2022, whichever is sooner.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it forms part of Retained EU Law as defined in the European Union (Withdrawal) Act 2018 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Panmure Gordon as part of the buyback programme.
Aggregated information
| Trading venue | Volume weighted average price | Aggregated volume |
| London Stock Exchange | 377p | 20,000 |
Daily Individual Transaction Details are set out below:
| Issuer Name | Transaction Date | Transaction Time | Volume | Price (GBp) | Trading Venue | Transaction Reference Code |
| Conduit Holdings Limited | 3 March 2022 | 12.15 UTC | 10,000 | 380p | XLON | 00001347402ORLO0 00005471491CALO0v2 |
| Conduit Holdings Limited | 3 March 2022 | 16.29 UTC | 10,000 | 374p | XLON | 00001347402ORLO0 00005471491CALO0v2 |
Media contacts
Haggie Partners - David Haggie, Caroline Klein
+44 (0) 207 562 4444
Investor relations and other enquiries:
About Conduit Re
Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is stable.
Learn more about Conduit Re:
Website: https://conduitreinsurance.com/
LinkedIn: https://www.linkedin.com/company/conduit-re
Twitter: https://twitter.com/Conduit_Re
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