HELIOS UNDERWRITING PLC

Remuneration Information • Jun 17, 2024

National Storage Mechanism | Additional information

RNS Number : 5691S

Helios Underwriting Plc

17 June 2024

Helios Underwriting plc

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

Notification and public disclosure of transactions by PDMRS

Grant of LTIP Awards

Helios, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's, announces that on 14 June 2024 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	Non-Executive Deputy Chairman	261,049
Arthur Manners	Finance Director	259,668

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

As summarised in the table immediately below; the award's performance conditions set threshold to stretch targets in respect of Company's total shareholder return ("TSR") over the three year period following the grant of the award. No portion of the awards shall performance vest unless the Company's TSR over the performance period reaches the threshold target, for which 25% of the award would performance vest, rising on a straight line basis to full performance vesting of the award for the Company's TSR over the performance period being equal to the stretch target or better.

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

The awards are also subject to an underpin condition and subject to a post vesting holding period (net of tax) that expires on the fifth anniversary of the grant of the awards.

The information set out below is provided in accordance with the requirements of UK MAR.

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. Non-Executive Deputy Chairman

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	261,049
2. Nil	259,668

d)

Aggregated information

-  Aggregated volume

-  Price

Not applicable - single transactions

e)

Date of the transaction

14 June 2024

f)

Place of the transaction

Outside of a trading venue

For further information, please contact:

Helios Underwriting plc

Michael Wade - Executive Chairman 

Michael.Wade@huwplc.com      

Arthur Manners - Chief Financial Officer +44 (0)203 965 6441    

Deutsche Numis (Nomad and Broker)                                      

Giles Rolls / Charles Farquhar                                    

+44 (0)20 7260 1000

FTI Consulting

Ed Berry / Tom O'Brien

+44 (0)7703 330 199 / +44 (0)7929 021 492

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 £507m of capacity for the 2024 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.

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