Chesnara PLC has released its block listing interim review, providing an update on its short-term and long-term incentive schemes, as well as its share save and Scildon share bonus plan. The period of return for the review was from April 25, 2023, to October 24, 2023. The balance of un-allotted securities under the schemes from the previous return was 764,770 for the incentive schemes and 178,193 for the share save and Scildon share bonus plan.
During the period, there were no increases in the block scheme. However, a total of 185,950 securities were issued/allotted under the incentive schemes, and 12,164 securities were issued/allotted under the share save and Scildon share bonus plan. This resulted in a balance of 578,820 securities not yet issued/allotted for the incentive schemes and 166,029 securities not yet issued/allotted for the share save and Scildon share bonus plan at the end of the period.
Chesnara is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates under various brands in the UK, 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. Chesnara also adds value through profitable new business and value-adding acquisitions. The company has consistently increased its dividend for 18 years in a row.