Chesnara PLC, a European life insurance consolidator, has announced that its Group Finance Director and Person Discharging Managerial Responsibility (PDMR), David Rimmington, has exercised options over 8,189 ordinary shares of 5 pence each in the company. These options were exercised as a result of the vesting of awards made under the 2020 Chesnara Save As You Earn Scheme. The allotment of the shares has been satisfied through the company's existing block listing arrangement. The transaction took place on 28th December 2023. The price of the shares was nil for the exercise of options and 260.0p for the sale of the shares.
Chesnara is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates under different brands in the UK, the Netherlands, and 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. Chesnara also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions. The company has increased its dividend for 18 years in a row.