Chesnara PLC, a European life and pensions consolidator listed on the London Stock Exchange, recently received a notification of major holdings from abrdn plc affiliated investment management entities. The notification, made in accordance with the UK Market Abuse Regulation and FCA's Disclosure and Transparency Rules sourcebook, disclosed an acquisition or disposal of voting rights on 8th July 2024. The total positions of the person(s) subject to the notification obligation revealed a 9.965419% of voting rights attached to shares, totaling 15,043,210 voting rights held in the issuer.
The notification detailed that the shares are managed by the named discretionary investment management entity within multiple portfolios on behalf of underlying clients, based on investment management agreements whereby the client has delegated the exercise of the voting power to the referenced investment manager. The notification also included the full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, starting with the ultimate controlling natural person or legal entities.
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, the Netherlands, and the UK and by undertaking value-adding acquisitions of either companies or portfolios. The company has consistently delivered its strategy, enabling it to increase its dividend for 19 years in succession.
For further information, Chesnara provided contact details for investor and media inquiries. Sam Perowne, Head of Strategic Development & Investor Relations, can be reached at [email protected] for investor inquiries, while Roddy Watt, Director, Capital Markets at FWD, can be contacted at [email protected] for media inquiries.