Conduit Holdings Limited (CHL) has announced that Trevor Carvey, an executive director and person discharging managerial responsibilities (PDMR) in the company, has acquired 15,000 common shares of CHL. This brings Carvey's total shareholding ownership interest to 432,709 common shares. The transaction was made in accordance with the requirements of the Market Abuse Regulation (EU) 596/2014. The shares were acquired at a price of £4.49 and £4.486342, with a total aggregated volume of 15,000 shares and an average price of £4.48756 per share. The transaction took place on 17 August 2023.
Conduit Re is a Bermuda-based reinsurance business with global reach. Conduit Reinsurance Limited, a subsidiary of Conduit Holdings Limited, is licensed by the Bermuda Monetary Authority as a Class 4 insurer. The company has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) by A.M. Best. The outlook for these ratings is stable. Conduit Holdings Limited is listed on the London Stock Exchange under the ticker symbol CRE.
References to "Conduit" include Conduit Holdings Limited and all of its subsidiary companies. For more information about Conduit Re, visit their website at https://conduitreinsurance.com/.