Chesnara PLC, a European life insurance consolidator, announced that its Non-Executive Director and PDMR, Carol Hagh, has purchased 10,000 ordinary shares of 5 pence each in the company. The transaction took place on the 2nd of April 2024 at a price of 267.99p per share on the London Stock Exchange (XLON).
Chesnara administers over one million policies and operates as Countrywide Assured in the UK, The Waard Group and Scildon in the Netherlands, and Movestic in Sweden. The company's primary focus 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. Additionally, it adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.
Chesnara has consistently delivered on its strategy, enabling the company to increase its dividend for 19 years in succession. For further information, investors can contact Sam Perowne, Head of Strategic Development & Investor Relations at Chesnara plc, and for media inquiries, Roddy Watt, Director, Capital Markets at FWD.
This notification is made in accordance with the requirements of the EU Market Abuse Regulation.