| LEI Number: 213800VFRMBRTSZ3SJ06 |
24th April 2025
CHESNARA plc
("Chesnara", "the Company" or the "Group")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS / PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ('PDMRs')
Chesnara plc (CSN.L) announces that on 22nd April 2025, newly appointed Group General Counsel and PDMR Emma Dawe was granted an award over the ordinary shares of the Company under the Chesnara plc 2023 Long Term Incentive Plan. This award was made in accordance with the Directors' Remuneration Policy which was approved by shareholders on 16th May 2023.
Emma is a member of the Group Senior Leadership Team and joins Chesnara with over a decade of experience advising private and listed Financial Services clients on strategic activity including M&A working for leading Global law firms Pinsent Masons and, recently in a development role, at Kirkland & Ellis International LLP.
The notification for PDMR is being made in accordance with the requirements of the UK Market Abuse Regulations and provides further detail of the award granted.
| 1 |
Details of the person discharging managerial responsibilities/person closely associated |
||
| a) b) |
Natural person: Legal person |
Emma Dawe |
|
| 2 |
Reason for the notification |
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| a) |
Position/status: |
Group General Counsel |
|
| b) |
Initial notification/amendment |
Initial notification |
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| 3 |
Details of the Issuer |
||
| a) |
Name |
Chesnara plc |
|
| b) |
Legal Entity Identifier: |
213800VFRMBRTSZ3SJ06 |
|
| 4 |
Details of the transaction(s): Parts a-d of this section are to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. |
||
| a) |
Description of the financial instrument, type of instrument (Identification code) |
Chesnara plc Ordinary Shares of 5 pence each (GB00B00FPT80) |
|
| b) |
Nature of the transaction |
Granted under the Chesnara 2023 Long Term Incentive Plan, the option is subject to performance targets over a period of three financial years. Subject to the achievement of the performance target, the option will become exercisable on 22nd April 2028 and remain exercisable up to and including 22nd April 2035 if not exercised before that date. |
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| c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
| Nil |
37,109 Ordinary shares of 5p each |
||
| d) |
Aggregated information - Aggregated volume - Price |
- 37,109 ORDINARY SHARES OF 5P EACH - Nil |
|
| e) |
Date of the transaction (YYYY - MM - DD) |
2025-04-22 |
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| f) |
Place of the transaction |
XOFF |
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| Name of authorised official of issuer responsible for making notification: - Al Lonie, Group Chief of Staff & Company Secretary Date of notification: - 24th April 2025 |
The above notification is made in accordance with the requirements of the UK Market Abuse Regulation.
For further information, please contact:
Investor Enquiries
Sam Perowne
Head of Strategic Development & Investor Relations
Chesnara plc
E - sam.perowne@chesnara.co.uk
Media Enquiries
Misha Bayliss - +44 20 7427 5465
Oscar Burnett - +44 20 7427 5435
Teneo
Notes to Editors
Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers just under one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands and as Movestic in Sweden.
Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in the UK, Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.
Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 20 years in succession.
Further details are available on the Company's website ( www.chesnara.co.uk ).