TIDMCRE

RNS Number : 7259R

Conduit Holdings Limited

09 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 9 November 2021

PDMR Notification

Conduit Holdings today announces that Kenneth Randall, a Director and person discharging managerial responsibilities in Conduit Holdings ("PDMR") acquired 55,000 Conduit Holdings common shares of par value $0.01 per share each at a price of GBP4.52 pence per share. Kenneth Randall's total current shareholding ownership interest in Conduit Holdings Limited now stands at 55,000 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                                                        Kenneth Randall 
     ----------------------------------------------------------  ----------------------------------------- 
 2    Reason for the Notification 
     ----------------------------------------------------------------------------------------------------- 
 a)   Position/status                                             Kenneth Randall - 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            Common Shares of $0.01 par value 
       instrument 
     ----------------------------------------------------------  ----------------------------------------- 
      Identification code                                         ISIN BMG243851091 
                                                                   SEDOL BN133N2 
     ----------------------------------------------------------  ----------------------------------------- 
 b)   Nature of the Transaction                                   Acquisition of Shares 
     ----------------------------------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)                                      Price(s) 
                                                                   GBP4.52 
                                                                   Volume(s) 
                                                                   55,000 
     ----------------------------------------------------------  ----------------------------------------- 
 d)   Aggregated information                                      55,000 
       Aggregated volume                                           GBP248,600 aggregated total 
       Price                                                       GBP4.52 per common share 
     ----------------------------------------------------------  ----------------------------------------- 
 e)   Date of the transaction                                     8 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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END

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November 09, 2021 02:00 ET (07:00 GMT)

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