Conduit Holdings Limited has announced the vesting of shares for Stuart Quinlan, 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. Stuart Quinlan acquired a total of 50,725 common shares, bringing his total current shareholding ownership interest to 194,091 common shares, including persons closely associated with him.
The notification provides detailed information about the transactions, including the acquisition of common shares following the vesting of the deferred share bonus awards. The transactions took place outside of the trading venue on 25 March 2024. The prices and volumes for the acquisitions are also specified in the announcement.
Conduit Re, a 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]. The company'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.
This summary provides an overview of the recent PDMR notification and share vesting announcement by Conduit Holdings Limited, offering insight into the company's recent activities and its subsidiary, Conduit Re.