CHESNARA PLC

Remuneration Information • Apr 5, 2024

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title: Chesnara plc PDMR Grants Announcement 2024.04.04
author: Al Lonie
date: 2024-04-03 17:03:00+00:00

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CHESNARA plc

(“Chesnara” or “the Company”)

4th April 2024

NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (‘PDMRs’)

Chesnara plc (CSN.L) announces that on 2nd April 2024, Steve Murray and David Rimmington (each a PDMR) were granted awards over the ordinary shares of the Company under the Chesnara plc 2023 Short Term Incentive Scheme. Further, on that date, Steve Murray, Amanda Wright, Gavin Hughes and Al Lonie (each a PDMR) were granted awards over the ordinary shares of the Company under the Chesnara plc 2023 Long Term Incentive Plan. These awards were all made in accordance with the Directors’ Remuneration Policy which was approved by shareholders on 16th May 2023.

The notifications for each PDMR below, which are being made in accordance with the requirements of the UK Market Abuse Regulations, provide further detail of the awards granted to each PDMR.

For further information, please contact:

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E – sam.perowne@chesnara.co.uk

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493 

E - roddy.watt@fwdconsulting.co.uk

Notes to Editors

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three-pillar strategy, Chesnara’s primary responsibility is the efficient administration of its customers’ life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden, the Netherlands and the UK and by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 19 years in succession.

Further details are available on the Company's website (www.chesnara.co.uk).

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LEI Number: 213800VFRMBRTSZ3SJ06
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| --- | --- |

1	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated
a)
b)	Natural person:
Legal person	Steve Murray	Steve Murray
2	Reason for the notification	Reason for the notification	Reason for the notification
a)	Position/status:	Group Chief Executive Officer	Group Chief Executive Officer
b)	Initial notification/amendment	Initial notification	Initial notification
3	Details of the Issuer	Details of the Issuer	Details of the Issuer
a)	Name	Chesnara plc	Chesnara plc
b)	Legal Entity Identifier:	213800VFRMBRTSZ3SJ06	213800VFRMBRTSZ3SJ06
4	Details of the transaction(s): Parts a-d of this section are 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.	Details of the transaction(s): Parts a-d of this section are 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.	Details of the transaction(s): Parts a-d of this section are 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)	Chesnara plc Ordinary Shares of 5 pence each
(GB00B00FPT80)	Chesnara plc Ordinary Shares of 5 pence each
(GB00B00FPT80)
b)	Nature of the transaction	GRANT 1
Granted under the Chesnara 2023 Short-term Incentive Scheme. The option is not subject to a performance target.

The option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date.

GRANT 2
Granted under the Chesnara 2023 Long Term Incentive Plan, the option is subject to performance targets over a period of three financial years.

Subject to the achievement of the performance target, the option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date.
| GRANT 1
Granted under the Chesnara 2023 Short-term Incentive Scheme. The option is not subject to a performance target.

The option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date.

GRANT 2
Granted under the Chesnara 2023 Long Term Incentive Plan, the option is subject to performance targets over a period of three financial years.

Subject to the achievement of the performance target, the option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date.
|
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| c) | Price(s) and volume(s) | Nil | GRANT 1
58,484 Ordinary shares of 5p each |
| | | Nil | GRANT 2
249,525 Ordinary shares of 5p each |
| d) | Aggregated information
- Aggregated volume
- Price |
308,009 ORDINARY SHARES OF 5P EACH
Nil |
308,009 ORDINARY SHARES OF 5P EACH
Nil |
| e) | Date of the transaction (YYYY – MM – DD) | 2024-04-02 | 2024-04-02 |
| f) | Place of the transaction | XOFF | XOFF |

1	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated
a)
b)	Natural person:
Legal person	David Rimmington	David Rimmington
2	Reason for the notification	Reason for the notification	Reason for the notification
a)	Position/status:	Group Finance Director	Group Finance Director
b)	Initial notification/amendment	Initial notification	Initial notification
3	Details of the Issuer	Details of the Issuer	Details of the Issuer
a)	Name	Chesnara plc	Chesnara plc
b)	Legal Entity Identifier:	213800VFRMBRTSZ3SJ06	213800VFRMBRTSZ3SJ06
4	Details of the transaction(s): Parts a-d of this section are 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.	Details of the transaction(s): Parts a-d of this section are 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.	Details of the transaction(s): Parts a-d of this section are 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)	Chesnara plc Ordinary Shares of 5 pence each
(GB00B00FPT80)	Chesnara plc Ordinary Shares of 5 pence each
(GB00B00FPT80)
b)	Nature of the transaction	Granted under the Chesnara 2023 Short-term Incentive Scheme. The option is not subject to a performance target.

The option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date.
| Granted under the Chesnara 2023 Short-term Incentive Scheme. The option is not subject to a performance target.

The option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date.
|
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| c) | Price(s) and volume(s) | Nil | 39,807 Ordinary shares of 5p each |
| d) | Aggregated information
- Aggregated volume
- Price |
39,807 ORDINARY SHARES OF 5P EACH
Nil |
39,807 ORDINARY SHARES OF 5P EACH
Nil |
| e) | Date of the transaction (YYYY – MM – DD) | 2024-04-02 | 2024-04-02 |
| f) | Place of the transaction | XOFF | XOFF |

1	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated
a)
b)	Natural person:
Legal person	Amanda Wright	Amanda Wright
2	Reason for the notification	Reason for the notification	Reason for the notification
a)	Position/status:	Group General Counsel & Company Secretary	Group General Counsel & Company Secretary
b)	Initial notification/amendment	Initial notification	Initial notification
3	Details of the Issuer	Details of the Issuer	Details of the Issuer
a)	Name	Chesnara plc	Chesnara plc
b)	Legal Entity Identifier:	213800VFRMBRTSZ3SJ06	213800VFRMBRTSZ3SJ06
4	Details of the transaction(s): Parts a-d of this section are 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.	Details of the transaction(s): Parts a-d of this section are 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.	Details of the transaction(s): Parts a-d of this section are 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)	Chesnara plc Ordinary Shares of 5 pence each
(GB00B00FPT80)	Chesnara plc Ordinary Shares of 5 pence each
(GB00B00FPT80)
b)	Nature of the transaction	Granted under the Chesnara 2023 Long Term Incentive Plan, the option is subject to performance targets over a period of three financial years.

Subject to the achievement of the performance target, the option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date. | Granted under the Chesnara 2023 Long Term Incentive Plan, the option is subject to performance targets over a period of three financial years.

Subject to the achievement of the performance target, the option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| c) | Price(s) and volume(s) | Nil | 39,962 Ordinary shares of 5p each |
| d) | Aggregated information
- Aggregated volume
- Price |
39,962 ORDINARY SHARES OF 5P EACH
Nil |
39,962 ORDINARY SHARES OF 5P EACH
Nil |
| e) | Date of the transaction (YYYY – MM – DD) | 2024-04-02 | 2024-04-02 |
| f) | Place of the transaction | XOFF | XOFF |

1	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated
a)
b)	Natural person:
Legal person	Gavin Hughes	Gavin Hughes
2	Reason for the notification	Reason for the notification	Reason for the notification
a)	Position/status:	Group Chief Risk Officer	Group Chief Risk Officer
b)	Initial notification/amendment	Initial notification	Initial notification
3	Details of the Issuer	Details of the Issuer	Details of the Issuer
a)	Name	Chesnara plc	Chesnara plc
b)	Legal Entity Identifier:	213800VFRMBRTSZ3SJ06	213800VFRMBRTSZ3SJ06
4	Details of the transaction(s): Parts a-d of this section are 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.	Details of the transaction(s): Parts a-d of this section are 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.	Details of the transaction(s): Parts a-d of this section are 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)	Chesnara plc Ordinary Shares of 5 pence each
(GB00B00FPT80)	Chesnara plc Ordinary Shares of 5 pence each
(GB00B00FPT80)
b)	Nature of the transaction	Granted under the Chesnara 2023 Long Term Incentive Plan, the option is subject to performance targets over a period of three financial years.

Subject to the achievement of the performance target, the option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date. | Granted under the Chesnara 2023 Long Term Incentive Plan, the option is subject to performance targets over a period of three financial years.

Subject to the achievement of the performance target, the option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| c) | Price(s) and volume(s) | Nil | 42,015 Ordinary shares of 5p each |
| d) | Aggregated information
- Aggregated volume
- Price |
42,015 ORDINARY SHARES OF 5P EACH
Nil |
42,015 ORDINARY SHARES OF 5P EACH
Nil |
| e) | Date of the transaction (YYYY – MM – DD) | 2024-04-02 | 2024-04-02 |
| f) | Place of the transaction | XOFF | XOFF |

1	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated	Details of the person discharging managerial responsibilities/person closely associated
a)
b)	Natural person:
Legal person	Al Lonie	Al Lonie
2	Reason for the notification	Reason for the notification	Reason for the notification
a)	Position/status:	Group Chief of Staff	Group Chief of Staff
b)	Initial notification/amendment	Initial notification	Initial notification
3	Details of the Issuer	Details of the Issuer	Details of the Issuer
a)	Name	Chesnara plc	Chesnara plc
b)	Legal Entity Identifier:	213800VFRMBRTSZ3SJ06	213800VFRMBRTSZ3SJ06
4	Details of the transaction(s): Parts a-d of this section are 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.	Details of the transaction(s): Parts a-d of this section are 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.	Details of the transaction(s): Parts a-d of this section are 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)	Chesnara plc Ordinary Shares of 5 pence each
(GB00B00FPT80)	Chesnara plc Ordinary Shares of 5 pence each
(GB00B00FPT80)
b)	Nature of the transaction	Granted under the Chesnara 2023 Long Term Incentive Plan, the option is subject to performance targets over a period of three financial years.

Subject to the achievement of the performance target, the option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date. | Granted under the Chesnara 2023 Long Term Incentive Plan, the option is subject to performance targets over a period of three financial years.

Subject to the achievement of the performance target, the option will become exercisable on 2nd April 2027 and remain exercisable up to and including 2nd April 2034 if not exercised before that date. |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| c) | Price(s) and volume(s) | Nil | 37,681 Ordinary shares of 5p each |
| d) | Aggregated information
- Aggregated volume
- Price |
37,681 ORDINARY SHARES OF 5P EACH
Nil |
37,681 ORDINARY SHARES OF 5P EACH
Nil |
| e) | Date of the transaction (YYYY – MM – DD) | 2024-04-02 | 2024-04-02 |
| f) | Place of the transaction | XOFF | XOFF |

| Name of authorised official of issuer responsible for making notification: - Amanda Wright

Date of notification: - 4th April 2024
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