Director/PDMR Shareholding and Total Voting Rights
("Chesnara" or "the Company")
21 May 2021
LEI Number: 213800VFRMBRTSZ3SJ06
NOTIFICATION OF PDMR DEALING AND TOTAL VOTING RIGHTS
Chesnara plc (the 'Company') today announces that the following PDMR has exercised options over ordinary shares as a result of the vesting of the awards made under the 2014 Chesnara Long Term and Short Term incentive schemes. Of these, 31,795 shares were sold to cover liability to tax and national insurance contributions arising on vesting, with the balance being retained.
Further, in conformity with 5.6.1 of the Disclosure Guidance and Transparency Rules, the Company notifies the market that, as at the date of this announcement, its issued share capital consisted of 150,145,602 ordinary 5p shares and, with no shares in Treasury, this too was the number of voting rights.
This figure of 150,145,602 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Chief Finance Officer
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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
Description of the financial instrument, type of instrument and identification code
Chesnara plc Ordinary shares of 5 pence each (Shares)
ID Code: (GB00B00FPT80)
Nature of the transaction
1. Exercise of options over 14,449 shares following vesting of the conditional awards under the 2014 Long Term Incentive scheme.
2. Exercise of options over 53,347 shares following vesting of the conditional awards under the 2014 Short Term Incentive scheme.
3. 31,795 shares sold to cover tax and social security obligations
Price(s) and volume(s)
1. Price(s): nil. Volume: 14,449.
2. Price(s): nil. Volume: 53,347.
3. Price(s): 273.1174p. Volume: 31,795.
Date of the transaction
1. 20 May 2021
2. 20 May 2021
3. 20 May 2021
Place of the transaction
3. London Stock Exchange (XLON)
The above notification is made in accordance with the requirements of the EU Market Abuse Regulation.
For further information, please contact:
Director, Capital Markets
Forward thinking communications
T - 020 7280 0651
Notes to Editors
Chesnara is a life and pensions company listed on the London Stock Exchange. It administers over one million policies and operates as Countrywide Assured 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 16 years in succession.
Further details are available on the Company's website (www.chesnara.co.uk).