Company Announcements

PDMR Notification

Source: RNS
RNS Number : 5019T
Conduit Holdings Limited
24 November 2021
 

This announcement contains inside information for the purpose of the Market Abuse Regulation (EU) No 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended)

 

Conduit Holdings Limited ("Conduit Holdings")

 

Hamilton, Bermuda - 24 November 2021

 

PDMR Notification

 

 Conduit Holdings today announces that Richard Sandor, a Director and person discharging managerial responsibilities in Conduit Holdings ("PDMR"), on 19 & 22 November 2021, acquired 3,900 Conduit Holdings common shares of par value $0.01 per share each at an aggregate price of £4.317 per common share. Richard Sandor's total current shareholding ownership interest in Conduit Holdings Limited now stands at 13,900 common shares.

 

PDMR Notification of Dealing Form: The notification below, made in accordance with the requirements of the Market Abuse Regulation (EU) 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended), provides further details of the transaction.

1

Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA")

a)

Name

Richard Sandor

2

Reason for the Notification

a)

Position/status

 

Richard Sandor - PDMR and Director

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

c)

Price(s) and volume(s)

 

Price(s)

19 November 2021 - £4.33

22 November 2021 - £4.31

Volume(s)

19 November 2021 -1400

22 November 2021 - 2500

d)

Aggregated information

Aggregated volume

Price

3900

£16,837.00 aggregated total

£4.317 per common share

e)

Date of the transaction

19 November 2021

22 November 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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