Chesnara PLC Director Exercises Share Options and Notification of PDMR Dealing

Chesnara PLC has announced that PDMR Steve Murray has exercised options over 33,625 ordinary shares of 5 pence each in the capital of the Company as a result of the vesting of the awards made under the 2014 Chesnara Long Term Incentive Plan. Of these, 16,482 Ordinary Shares were sold to cover liability to tax and national insurance contributions arising on vesting, with the balance being retained. The allotment of the 33,625 Ordinary Shares has been satisfied via the Group's existing block listing arrangements.

Following the exercise of options, the Company's issued share capital consisted of 150,991,019 Ordinary Shares, with no Ordinary Shares in Treasury, and this was also the number of voting rights. This figure 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.

Steve Murray, the Group Chief Executive Officer, exercised options over 33,625 shares following the vesting of the conditional awards under the 2014 Long Term Incentive Plan. Additionally, 16,482 shares were sold to cover tax and social security obligations. The transactions took place on 31st July 2024.

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 in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden. The company'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, the Netherlands, and the UK and by undertaking value-adding acquisitions of either companies or portfolios. Chesnara has increased its dividend for 19 years in succession, reflecting consistent delivery of the Company strategy.