16th May 2025 16:48
CHL PDMR RNS
Pembroke, Bermuda - 16 May 2025
Conduit Holdings Limited
("Conduit Holdings" or "CHL" - LSE ticker: CRE)
PDMR Notification
Conduit Holdings today announces that it was notified on 16 May 2025, that:
(1) Neil Eckert, a person discharging managerial responsibility in CHL ("PDMR"), has purchased 1,650 Common Shares at a price of £3.69 per Common Share:
(2) Nicola Eckert, a person closely associated (PCA) with Neil Eckert, has purchased 1,850 Common Shares at a price of £3.69 per Common Share;
The above transactions took place on 16 May 2025.
Following these transactions Neil Eckert's beneficial ownership interest (which includes shares held by PCA Nicola Eckert) stands at 829,402 common shares.
PDMR Notification of Dealing Form: The notification below, made in accordance with the requirements of the Market Abuse Regulation (EU) 596/2014 (which forms part of UK domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended), provides further details of the transaction.
1 | Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | |
a) | Name | Neil Eckert |
2 | Reason for the Notification | |
a) | Position/status | CEO |
b) | Initial notification/amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Conduit Holdings Limited |
b) | LEI | 21380085AE62D1BXSF19 |
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 | Common Shares of $0.01 par value
|
Identification code | ISIN BMG243851091 SEDOL BN133N2 | |
b) | Nature of the Transaction
| Acquistion of common shares |
c) | Price(s) and volume(s)
| Price(s) £3.69 Volume(s) 1,650 |
d) | Aggregated information
Aggregated volume
Price | 1,650 Common Shares
£6,088.50 aggregated total
£3.69 per Common Share |
e) | Date of the transaction | 16 May 2025 |
f) | Place of the transaction | London Stock Exchange (XLON) - Regulated Market |
1 | Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | |
a) | Name | Nicola Eckert |
2 | Reason for the Notification | |
a) | Position/status | PCA |
b) | Initial notification/amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Conduit Holdings Limited |
b) | LEI | 21380085AE62D1BXSF19 |
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 | Common Shares of $0.01 par value
|
Identification code | ISIN BMG243851091 SEDOL BN133N2 | |
b) | Nature of the Transaction
| Acquistion of common shares |
c) | Price(s) and volume(s)
| Price(s) £3.69 Volume(s) 1,850 |
d) | Aggregated information
Aggregated volume
Price | 1,850 Common Shares
£6,826.50 aggregated total
£3.69 per Common Share |
e) | Date of the transaction | 16 May 2025 |
f) | Place of the transaction | London Stock Exchange (XLON) - Regulated Market |
Media contacts
H/Advisors Maitland - Neil Bennett / Daisy Padovan
+44 (0) 207 379 5151
Haggie Partners - David Haggie / Peter Rigby
+44 (0) 207 562 4444
Investor relations and other enquiries:
Panmure Liberum (Joint Corporate Broker)
+44 (0) 207 886 2500
Berenberg (Joint Corporate Broker)
+44 (0) 203 207 7800
Peel Hunt (Joint Corporate Broker)
+44 (0) 207 418 8900
This announcement contains information, which may be of a price sensitive nature, that Conduit is making public in a manner consistent with the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, and other regulatory obligations. The information was submitted for publication, through the agency of the contact persons set out above, at 7:00 am UK time on 14 May 2025.
About Conduit Re
Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is positive.
Conduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE). References to "Conduit" include Conduit Holdings Limited and all of its subsidiary companies.
Learn more about Conduit Re:
Website: https://conduitreinsurance.com/
LinkedIn: https://www.linkedin.com/company/conduit-re
Related Shares:
Conduit Hldg