Helios Underwriting Plc Grant of LTIP Award (2514B)
01 June 2023 - 4:00PM
UK Regulatory
TIDMHUW
RNS Number : 2514B
Helios Underwriting Plc
01 June 2023
RNS Number:
Helios Underwriting plc
1 June 2023
Helios Underwriting plc
("Helios", the "Company" or the "Group")
Notification and public disclosure of transactions by PDMRS
Grant of LTIP Awards
Helios, the investment vehicle which builds shareholder value
through exposure to Lloyd's is pleased to announce that on 31 May
2023 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
Executive Deputy
Nigel Hanbury Chairman 263,157
------------------ ---------------------------
Chief Financial
Arthur Manners Officer 228,070
------------------ ---------------------------
The awards were granted as nil cost options and will ordinarily
vest on the third anniversary of their grant, subject to the
grantee's continued service and the extent to which the award's
performance conditions are satisfied.
The award's performance conditions set threshold to stretch
targets in respect of Company's TSR over the three year period
following the grant of the awards. No portion of the awards shall
performance vest unless the Company's TSR over the performance
period reaches the threshold target, for which one quarter of the
awards would performance vest, rising on a straight line basis to
full performance vesting of the awards for the Company's TSR over
the performance period being equal to the stretch target or
better.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the Market Abuse Regulation (EU)
No 596/2014.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1. Nigel Hanbury
2. Arthur Manners
------------------------------- ----------------------------------------
Reason for Notification
2
-------------------------------------------------------------------------
a) Position/status 1. Executive Deputy Chairman
2. Chief Financial Officer
------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Helios Underwriting plc
------------------------------- ----------------------------------------
b) LEI 213800FX86DJW5TCM864
------------------------------- ----------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary Shares of 10 pence each
financial instrument, ISIN - GB00B23XLS45
type of instrument
Identification code
------------------------------- ----------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
under the Helios Underwriting plc Long
Term Incentive Plan with an option
price nil pence per share.
------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 1. 263,157
2. Nil 2. 228,070
-----------------------
------------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transactions
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 31 May 2023
------------------------------- ----------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- ----------------------------------------
For further information, please contact:
Helios Underwriting plc
Martin Reith - CEO +44 (0)7720 292 505
Nigel Hanbury - Executive Deputy Chairman +44 (0)7787 530 404
Arthur Manners - Chief Financial Officer +44 (0)7754 965 917
Numis (Nomad and Broker)
Giles Rolls / Charles Farquhar +44 (0)20 7260 1000
Buchanan (PR)
Helen Tarbet / George Beale +44 (0)7872 604 453
+44 (0)20 7466 5111
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 GBP297m of capacity
for the 2023 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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END
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