Source - LSE Regulatory
RNS Number : 9449J
Helios Underwriting Plc
21 August 2023
 

21 August 2023

Helios Underwriting plc

("Helios" or the "Company")

 

Director's Shareholding

Helios, the investment vehicle which builds shareholder value through exposure to Lloyd's, was informed on 18 August 2023 that 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, on the same day acquired 6,500 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 115 pence per share. Mr Libassi is also a director of The 1609 Fund Ltd.

The notifications below, which has been made in accordance with the requirement of the EU Market Abuse Regulation, provide further details.

For further information, please contact:

 

Helios Underwriting plc

Martin Reith - CEO                                                       +44 (0)7720 292 505

Nigel Hanbury - Executive Deputy Chairman          +44 (0)7787 530 404  

Arthur Manners - Chief Financial Officer                 +44 (0)7754 965 917

 

Numis (Nomad and Broker)                                       

Giles Rolls / Charles Farquhar                                     +44 (0)20 7260 1000

 

 

Buchanan (PR)

Helen Tarbet / 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 £310.8m of capacity for the 2023 account. The portfolio provides a good spread of business being concentrated in property & casualty insurance and reinsurance. For further information please visit www.huwplc.com.

 

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

 

Thomas Libassi

2

Reason for the notification


a)


Position/status

 

Director

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 purchase of Ordinary Shares

c)

Price(s) and volume(s)

   

Price(s)

Volume(s)

Purchase: 115p

6,500



d)

Aggregated information

 

Price(s)

Volume(s)

As above

As above

e)

Date of the transaction

18 August 2023

f)

Place of the transaction  

 

London Stock Exchange, AIM

 

 

 

 

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END
 
 
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