HELIOS UNDERWRITING PLC

Remuneration Information • Dec 19, 2022

National Storage Mechanism | Additional information

RNS Number : 1470K

Helios Underwriting Plc

19 December 2022

19 December 2022

Helios Underwriting plc

("Helios", the "Company" or the "Group")

Grant of LTIP Awards

and

Directors' Dealings

Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's, announces that on 16 December 2022 the following awards over ordinary shares of 10 pence each in the Company were granted under the Helios Underwriting plc Long Term Incentive Plan to the following person(s) discharging managerial responsibilities:

Participant	Position	No. of Shares under Award
Nigel Hanbury	Chief Executive	304,761
Arthur Manners	Finance Director	266,666

The awards were granted as nil cost options and will ordinarily vest on the third anniversary of their grant, subject to the grantee's continued service and the extent to which the award's performance conditions are satisfied.

The Company's TSR over the 3 year performance period	% of award that vests
Less than 30%	0%
30%	25%
60%	100%
Between 30% and 60%	Between 25% and 100% on a straight-line basis

The awards' performance conditions set threshold (30%) to stretch (60%) targets in respect of the Company's total shareholder return ("TSR") over the three year period following the grant of the awards. No portion of the awards shall vest unless the Company's TSR at the end of the performance period reaches the threshold target, for which one quarter of the awards would vest, rising on a straight line basis to full vesting of the awards for the Company's TSR over the performance period being equal to the stretch target or better.

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.  Nigel Hanbury

2.  Arthur Manners

2

Reason for Notification

a)

Position/status

1.  Chief Executive

2.  Finance Director

b)

Initial notification/Amendment

Initial Announcement

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

Grant of options over ordinary shares under the Helios Underwriting plc Long Term Incentive Plan with an option price of nil pence per share.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1.         Nil 2.         Nil	1.         304,761 2.         266,666

d)

Aggregated information

-  Aggregated volume

-  Price

Not applicable - single transactions

e)

Date of the transaction

16 December 2022

f)

Place of the transaction

Outside of a trading venue

For further information please contact:

Helios Underwriting plc

Nigel Hanbury - Chief Executive                            +44 (0)7787 530 404 / nigel.hanbury@huwplc.com

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

Shore Capital (Nomad and Broker)

Robert Finlay                                                          +44 (0)20 7408 4080

David Coaten       

Henry Willcocks

Buchanan

Helen Tarbet / Henry Wilson / 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 £232 million of underwriting capacity for the 2022 year of account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.

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