Conduit Holdings Limited has announced the vesting of shares for Elaine Whelan, a person discharging managerial responsibilities (PDMR). This includes the second tranche of the deferred share bonus award related to a 2021 annual bonus and the first tranche of the deferred share bonus award related to a 2022 annual bonus. As a result, Elaine Whelan acquired a total of 48,419 common shares, bringing her total current shareholding ownership interest to 281,685 common shares.
The details of the transaction, made in accordance with the Market Abuse Regulation, include the acquisition of common shares following the vesting of the deferred share bonus awards. The first tranche involved 37,119 common shares at a price of £3.6360 per share, while the second tranche involved 11,300 common shares at a price of £4.7680 per share. Both transactions took place outside of the trading venue on 25 March 2024.
Conduit Re, a pure-play Bermuda-based reinsurance business with global reach, is a subsidiary of Conduit Holdings Limited. It is licensed by the Bermuda Monetary Authority as a Class 4 insurer and has been assigned a Financial Strength Rating of A- (Excellent) by A.M. Best. Conduit Holdings Limited is listed on the London Stock Exchange (ticker: CRE).
For media contacts, H/Advisors Maitland can be reached at +44 (0) 207 379 5151 or via email at [email protected]. For investor relations and other enquiries, contact [email protected]. Conduit Holdings Limited's joint corporate brokers are Panmure Gordon, Berenberg, and Peel Hunt.
For more information about Conduit Re, visit their website at https://conduitreinsurance.com/ or their LinkedIn page at https://www.linkedin.com/company/conduit-re.