Conduit Holdings Limited (CHL) has announced the vesting of shares for Neil Eckert, a person discharging managerial responsibilities in the company. The shares were acquired as part of the deferred share bonus awards related to the 2021 and 2022 annual bonuses. Neil Eckert acquired a total of 40,681 common shares, bringing his total current shareholding ownership interest, including persons closely associated with him, to 748,069 common shares.
The details of the transactions include the acquisition of 31,905 common shares at a price of £3.6360 per share following the vesting of the second tranche of the deferred share bonus award made with respect to a 2021 annual bonus. Additionally, 8,776 common shares were acquired at a price of £4.768 per share following the vesting of the first tranche of the deferred share bonus award made with respect to a 2022 annual bonus. Both transactions took place outside of a trading venue on 25 March 2024.
Conduit Re, a Bermuda-based reinsurance business with global reach, is a subsidiary of Conduit Holdings Limited. Conduit Reinsurance Limited, licensed by the Bermuda Monetary Authority as a Class 4 insurer, 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. Conduit Holdings Limited is listed on the London Stock Exchange under the ticker symbol CRE.
For media contacts, H/Advisors Maitland can be reached at +44 (0) 207 379 5151 or via email at [email protected]. Investor relations and other enquiries can be directed to [email protected]. The company's joint corporate brokers are Panmure Gordon, Berenberg, and Peel Hunt.
For more information about Conduit Re, including its financial ratings and parent company, Conduit Holdings Limited, interested parties can visit the company's website or LinkedIn page.