HELIOS UNDERWRITING PLC — Director's Dealing 2025

Jun 9, 2025

National Storage Mechanism | Additional information

RNS Number : 0431M

Helios Underwriting Plc

09 June 2025

Helios Underwriting plc

9 June 2025

Helios Underwriting plc

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

Notification and public disclosure of transactions by PDMRS

Grant of LTIP Awards

Helios, the only publicly traded company offering instant access to a diverse portfolio of syndicates at Lloyd's of London, announces that on 9 June 2025 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
Adhiraj Maitra	Chief Operating Officer	105,485
Jen Tan	Head of Portfolio Strategy	42,194
David Shawe	ACMA Financial Controller	31,645

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.

As announced on 29 May 2025 Mr Maitra will take on the new role of Director of Finance and Operations, following the planned retirement of Arthur Manners after the AGM later this month.

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. Adhiraj Maitra

2. Jen Tan

1. David Shawe

2

Reason for Notification

a)

Position/status

1. Chief Operating Officer

2. Head of Portfolio Strategy

1. ACMA Financial Controller

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	105,485
2. Nil	42,194
3. Nil	31,645

d)

Aggregated information

-  Aggregated volume

-  Price

Not applicable - single transactions

Nil

e)

Date of the transaction

9 June 2025

f)

Place of the transaction

Outside of a trading venue

For further information please contact:

Helios Underwriting plc

John Chambers - Interim Executive Chairman                                               

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                                               +44 (0)7703 330 199

Nathan Hambrook-Skinner                     +44 (0)7977 817 092

Christian Harte                                       +44 (0)7974 288 763

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. The portfolio provides a broad spread of business primarily participating in the US and other international wholesale and reinsurance markets. For further information please visit  www.huwplc.com

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