Conduit Holdings Limited (CHL) announced that Stuart Quinlan, a person discharging managerial responsibility, transferred 30,000 common shares to Michelle Quinlan, a person closely associated, by way of a gift for nil consideration. Following this, Michelle Quinlan and Stuart Quinlan both executed "Bed and ISA" transactions. Michelle Quinlan sold 29,255 common shares at £5.11 per share and repurchased the same amount into her Individual Savings Account (ISA) at £5.11125 per share. Stuart Quinlan sold 25,500 common shares at £5.11 per share and repurchased the same amount into his ISA at £5.11125 per share. These transactions occurred on 2 April 2024.
As a result of these transactions, Stuart Quinlan's beneficial ownership interest, including shares held by Michelle Quinlan, remains unchanged at 194,091 common shares. The notification provided detailed information about the transactions, including the nature of the transactions, the financial instruments involved, and the dates and places where the transactions were conducted. The notification was made in accordance with the requirements of the Market Abuse Regulation (EU) 596/2014.
The transactions were conducted outside of a trading venue and on the London Stock Exchange (XLON). The notification also included the aggregated total and price for the sale and purchase of common shares. The details of the transactions were provided for each person discharging managerial responsibilities and persons closely associated, including their names, positions/status, and the nature of the transactions. The notification also included the LEI (Legal Entity Identifier) for Conduit Holdings Limited.