Conduit Holdings Limited, a Bermuda-based reinsurance business, announced that Neil Eckert, a person discharging managerial responsibility, and Nicola Eckert, a person closely associated with Neil Eckert, conducted "Bed and ISA" transactions on 2 April 2024. Neil Eckert sold 15,595 Common Shares at £5.11 per share and repurchased 3,898 Common Shares at £5.1125 per share into his Individual Savings Account (ISA). Nicola Eckert purchased 3,898 Common Shares at £5.1125 per share into her ISA following the sale by Neil Eckert. As a result, Neil Eckert's beneficial ownership interest, including shares held by Nicola Eckert, stands at 740,270 common shares.
The transactions were notified in accordance with the Market Abuse Regulation (EU) 596/2014. The details of the transactions, including the nature, price, volume, and place, were provided as per the regulatory requirements. The transactions took place on the London Stock Exchange (XLON).
Conduit Re, a subsidiary of Conduit Holdings Limited, is a Bermuda-based reinsurance business with global reach. It is licensed by the Bermuda Monetary Authority as a Class 4 insurer and has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) by A.M. Best, with a stable outlook.
For media contacts, H/Advisors Maitland can be reached at +44 (0) 207 379 5151 or [email protected]. For investor relations and other enquiries, contact [email protected]. The joint corporate brokers are Panmure Gordon, Berenberg, and Peel Hunt.
This notification provides insight into the recent PDMR transactions within Conduit Holdings Limited and its subsidiary, Conduit Re, offering transparency to the company's stakeholders and the market.