TIDMCRE

RNS Number : 1951S

Conduit Holdings Limited

07 March 2023

CHL PDMR RNS

CHL PDMR RNS

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

("CHL" - LSE ticker: CRE)

Pembroke, Bermuda, 7 March 2023

PDMR Notification

Conduit Holdings today announces that Trevor Carvey, a person discharging managerial responsibilities in CHL ("PDMR"), on 7 March 2023, acquired 10,000 common shares. Trevor's total current shareholding ownership interest now stands at 305,630 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                                                  Trevor Carvey 
     ----------------------------------------------------  ----------------------------------------------- 
 2    Reason for the Notification 
     ----------------------------------------------------------------------------------------------------- 
 a)   Position/status                                       Trevor Carvey - PDMR 
     ----------------------------------------------------  ----------------------------------------------- 
 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                                                   21380085AE62D1BXSF19 
     ----------------------------------------------------  ----------------------------------------------- 
 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) 
                                                             GBP5.07; GBP5.07; GBP5.07; GBP5.07; GBP5.07 
                                                             Volume(s) 
                                                             2,000; 2,000; 2,000; 2,000; 2,000 
     ----------------------------------------------------  ----------------------------------------------- 
 d)   Aggregated information                                10,000 common shares 
       Aggregated volume 
       Price                                                 GBP50,700 aggregated total 
 
                                                             GBP5.07 per common share 
     ----------------------------------------------------  ----------------------------------------------- 
 e)   Date of the transaction                               7 March 2023 
     ----------------------------------------------------  ----------------------------------------------- 
 f)   Place of the transaction                              London Stock Exchange (XLON) 
     ----------------------------------------------------  ----------------------------------------------- 
 

Media contacts

H/Advisors Maitland - Vikki Kosmalska / Alistair de Kare-Silver

+44 (0) 207 379 5151

conduitre@h-advisors.global

Investor relations and other enquiries:

info@conduitreinsurance.com

Panmure Gordon (UK) Limited (Joint Corporate Broker)

+44 (0)207 886 2500

Berenberg (Joint Corporate Broker)

+44 (0) 203 207 7800

Peel Hunt (Joint Corporate Broker)

+44 (0) 207 418 8900

About Conduit Re

Conduit Re is a pure-play 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.

Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE). References to "Conduit" include Conduit Holdings Limited and all of its subsidiary companies.

Learn more about Conduit Re:

Website: https://conduitreinsurance.com/

LinkedIn: https://www.linkedin.com/company/conduit-re

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END

DSHBLGDXUDGDGXR

(END) Dow Jones Newswires

March 07, 2023 11:28 ET (16:28 GMT)

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