HELIOS UNDERWRITING PLC

Director's Dealing • Apr 11, 2023

National Storage Mechanism | Additional information

RNS Number : 6917V

Helios Underwriting Plc

11 April 2023

Helios Underwriting plc

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

Director's/PCAs' Shareholdings

Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's, was informed on 6 April 2023 that, Nigel Hanbury, Executive Deputy Chairman and person discharging managerial responsibilities ("PDMR") of the Company, and his three children, Elizabeth Hanbury, George Hanbury and Clementine Hanbury, each of whom are persons closely associated ("PCA") with him, have sold a number of ordinary shares of 10 pence each ("Ordinary Shares"), and subsequently repurchased the same number of Ordinary Shares into their respective Individual Savings Accounts (ISAs), in order to effect "Bed and ISA" trades. Details of these trades are as set out below:

Name	Position/status	No. of Ordinary Shares Sold	Sale price	No. of Ordinary Shares Repurchased	Purchase Price
Nigel Hanbury	Director/PDMR	12,450	160p	12,450	160.06p
Elizabeth Hanbury	PCA	12,450	160p	12,450	160.06p
George Hanbury	PCA	12,450	160p	12,450	160.06p
Clementine Hanbury	PCA	12,450	160p	12,450	160.06p

Following the completion of the above transactions, Nigel Hanbury's ultimate beneficial ownership, including shares held by his immediate family members, is unchanged and remains at 9,562,358 Ordinary Shares in total, representing approximately 12.37 per cent. of the Company's total voting rights.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the transactions.

For further information please contact:

Helios Underwriting plc

Martin Reith - Chief Executive                                 +44(0)7720 292 505

Nigel Hanbury - Executive Deputy Chairman       +44 (0)7787 530 404

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 £297m of capacity for the 2023 account. The portfolio provides a good spread of business being concentrated in property & casualty insurance and reinsurance. For further information please visit www.huwplc.com. 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nigel Hanbury

2

Reason for the notification

a)

Position/status

Director, a PDMR of the issuer

b)

Initial notification/Amendment

Initial Notification

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

On market sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Sale: 160p	12,450
Purchase: 160.06p	12,450

d)

Aggregated information

Price(s)	Volume(s)
Sale: as above Purchase: as above	As above As above

e)

Date of the transaction

6 April 2023

f)

Place of the transaction  

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Elizabeth Hanbury          

2

Reason for the notification

a)

Position/status

PCA of Nigel Hanbury

b)

Initial notification/Amendment

Initial Notification

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

On market sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Sale: 160p	12,450
Purchase: 160.06p	12,450

d)

Aggregated information

Price(s)	Volume(s)
Sale: as above Purchase: as above	As above As above

e)

Date of the transaction

6 April 2023

f)

Place of the transaction  

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

George Hanbury             

2

Reason for the notification

a)

Position/status

PCA of Nigel Hanbury

b)

Initial notification/Amendment

Initial Notification

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

On market sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Sale: 160p	12,450
Purchase: 160.06p	12,450

d)

Aggregated information

Price(s)	Volume(s)
Sale: as above Purchase: as above	As above As above

e)

Date of the transaction

6 April 2023

f)

Place of the transaction  

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Clementine Hanbury     

2

Reason for the notification

a)

Position/status

PCA of Nigel Hanbury

b)

Initial notification/Amendment

Initial Notification

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

On market sale of Ordinary Shares and immediate repurchase by way of Bed and ISA arrangement

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Sale: 160p	12,450
Purchase: 160.06p	12,450

d)

Aggregated information

Price(s)	Volume(s)
Sale: as above Purchase: as above	As above As above

e)

Date of the transaction

6 April 2023

f)

Place of the transaction  

London Stock Exchange, AIM

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