Company Announcements

Purchase of Shares by Employee Benefit Trust

Source: RNS
RNS Number : 2385B
Conduit Holdings Limited
29 September 2022


Purchase of Shares by Employee Benefit Trust


Conduit Holdings Limited ("Conduit Holdings" or "the Company")


Pembroke, Bermuda - 29 September 2022

Purchase of Shares by Employee Benefit Trust

Conduit Holdings was notified on 29 September 2022 by the Trustees of the Conduit Employee Benefit Trust (the "Conduit EBT") that the Trustees had purchased 1,735,000 common shares of USD 0.01 par value each (ISIN Code: BMG243851091) ("Shares") on the London Stock Exchange at a price of £3.620634 per share. The purchases were made by Panmure Gordon (UK) Limited. The Shares held in the Conduit EBT are intended to be used to satisfy awards made under the Conduit Holdings employee share schemes.

The Conduit EBT is a discretionary trust for the benefit of employees of Conduit Holdings and its subsidiaries. The Executive Directors of Conduit Holdings are included in the class of beneficiaries of the Conduit EBT and are deemed to be interested in those share awards made to them and the dealings thereof.

Following this transaction, a total of 4,341,000 Shares representing 2.639 per cent of the Company's total voting rights is held in the Conduit EBT.


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Haggie Partners - David Haggie, Caroline Klein

+44 (0) 207 562 4444


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About Conduit Re

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Holdings Limited is the ultimate parent of the Conduit Re group of companies and is listed on the London Stock Exchange (ticker : CRE). Conduit Reinsurance Limited is the group's underwriting entity and 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.


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