Chesnara PLC Director/PDMR Shareholding (4675G)
06 November 2018 - 7:27PM
UK Regulatory
TIDMCSN
RNS Number : 4675G
Chesnara PLC
06 November 2018
CHESNARA plc
("Chesnara" or "the Company")
LEI Number: 213800VFRMBRTSZ3SJ06
6(th) November 2018
NOTIFICATION OF PDMR DEALING
Chesnara plc (the 'Company') today announces that the following
PDMR has acquired ordinary shares pursuant to the employee Share
Save Scheme maturing.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Deane
2 Reason for the notification
a) Position/status Group Chief Executive
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 Chesnara plc Ordinary shares of 5 pence each (Shares)
the financial ID Code: (GB00B00FPT80)
instrument, type
of instrument
and identification
code
b) Nature of the Acquisition of shares pursuant to the maturing of
transaction the Employee Share Save Scheme.
c) Price(s) and volume(s) Price: 285.8p. Volume: 6,298.
d) Aggregated information N/A
e) Date of the transaction 05 November 2018
f) Place of the transaction XOFF
The above notification is made in accordance with the
requirements of the EU Market Abuse Regulation.
For further information, please contact:
Roddy Watt
Director, Capital Markets
FWD
Forward thinking communications
T - 020 7280 0651
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara plc ('Chesnara'), which listed on the London Stock
Exchange in May 2004, is the owner of Countrywide Assured plc ('CA
plc'), Movestic Livförsäkringar AB ('Movestic') and Chesnara
Holdings BV. Chesnara Holdings BV is the intermediate holding
company of 'Waard Group' and 'Scildon'.
CA plc is a UK life assurance subsidiary that is closed to new
business. In June 2005 Chesnara acquired a further closed life
insurance company - City of Westminster Assurance - for GBP47.8m.
With effect from 30 June 2006, CWA's policies and assets were
transferred into CA plc. Save & Prosper Insurance Limited and
its subsidiary, Save & Prosper Pensions Limited, were acquired
on 20 December 2010 for GBP63.5 million. With effect from 31
December 2011, the business of Save & Prosper was transferred
into CA plc. On 28 November 2013 Chesnara acquired Direct Line Life
Insurance Company Limited (subsequently renamed Protection Life
Company Limited) from Direct Line Group plc for GBP39.3m. On 31
December 2014 the PL business transferred into CA plc. CA plc
operates an outsourced business model.
Movestic, a Swedish life assurance company which originally
focused on pensions and savings, was acquired on 23 July 2009 for
GBP20 million. The company is open to new business and seeks to
grow its position in the Swedish unit-linked market. Its
proposition was strengthened in February 2010 with the acquisition
of the operations of Aspis Försäkringar Liv AB which has a risk and
health product bias.
The Waard Group, a Netherlands-based Group comprising three
closed book insurance companies and a servicing company, was
acquired on 19 May 2015 for EUR69.9m. The Waard Group, comprising
Waard Leven N.V., Hollands Welvaren Leven N.V., Waard Schade N.V.
and Tadas Verzekeringen B.V. was previously owned by DSB Beheer
B.V., a Dutch financial services Group. The policy base of the
Waard Group is predominantly term life policies, with some unit
linked policies and some non-life policies. On 5 April 2017
Chesnara completed its acquisition of Legal & General Nederland
Levensverzeikering Maatschappij N.V. ('LGN') for EUR161.2 million.
The LGN business which has been renamed Scildon, is in the Dutch
life assurance market, and as with our Swedish subsidiary Movestic,
Scildon writes protection and pension new business.
Further details are available on the Company's website
(www.chesnara.co.uk).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHUGGWPGUPRURQ
(END) Dow Jones Newswires
November 06, 2018 03:27 ET (08:27 GMT)
Chesnara (LSE:CSN)
Historical Stock Chart
From Apr 2024 to May 2024
Chesnara (LSE:CSN)
Historical Stock Chart
From May 2023 to May 2024