TIDMCSN

RNS Number : 8780T

Chesnara PLC

17 November 2023

 
 
 
   LEI Number: 213800VFRMBRTSZ3SJ06 
 

17(th) November 2023

CHESNARA plc

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

GRANT OF OPTIONS AND PDMR/DIRECTOR SHAREHOLDINGS

Chesnara announces that, as part of the Company's Save As You Earn Scheme ("SAYE Scheme") a total of 7,574 options to subscribe for ordinary shares of 5 pence each in the capital of the Company ("2023 SAYE Scheme Options") have been granted to Persons Discharging Managerial Responsibility ("PDMRs") of the Company or their Persons Closely Associated ("PCAs").

Under the SAYE Scheme, which was made available to all eligible employees of the Company, the 2023 SAYE Scheme Options have an exercise price, calculated in accordance with the rules of the SAYE Scheme, of 220.40p for each 2023 SAYE Scheme Option. Subject to the rules of the SAYE Scheme, participants will be able to exercise their 2023 SAYE Scheme Options within six-months commencing 1 December 2026.

Including the PDMRs and PCAs referred to above, a total of 36 employees participated in the 2023 invitation with a total of 113,688 2023 SAYE Scheme Options being granted.

The following notifications have been made in accordance with the requirements of the EU Market Abuse Regulation as part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Gavin Hughes 
 2    Reason for the notification 
 a)   Position/status            Group Chief Risk Officer (and PDMR) 
 b)    Initial notification      Initial notification 
        /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                       Chesnara plc 
 b)   LEI                        213800VFRMBRTSZ3SJ06 
 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            Ordinary shares of 5 pence each 
        the financial             ID code: GB00B00FPT80 
        instrument, type 
        of instrument 
        and identification 
        code 
 b)   Nature of the              Grant of options to acquire Chesnara plc Ordinary 
       transaction                Shares under the SAYE Scheme 
 c)   Price(s) and volume(s)     Option Price(s): 220.40p Volume: 3,366. 
 d)   Aggregated information     N/A 
 e)   Date of the transaction    27(th) October 2023 
 f)   Place of the transaction   Outside a trading venue (XOFF) 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Caitlyn Lonie 
 2    Reason for the notification 
 a)   Position/status            Risk Analyst and PCA of Group Chief of Staff (and 
                                  PDMR) Al Lonie 
 b)    Initial notification      Initial notification 
        /Amendment 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                       Chesnara plc 
 b)   LEI                        213800VFRMBRTSZ3SJ06 
 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            Ordinary shares of 5 pence each 
        the financial             ID code: GB00B00FPT80 
        instrument, type 
        of instrument 
        and identification 
        code 
 b)   Nature of the              Grant of options to acquire Chesnara plc Ordinary 
       transaction                Shares under the SAYE Scheme 
 c)   Price(s) and volume(s)     Option Price(s): 220.40p Volume: 4,208. 
 d)   Aggregated information     N/A 
 e)   Date of the transaction    27(th) October 2023 
 f)   Place of the transaction   Outside a trading venue (XOFF) 
 

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 and CASLP 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 and the Netherlands 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 18 years in succession.

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

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November 17, 2023 10:30 ET (15:30 GMT)

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