Director/PDMR Shareholding
Conduit Holdings Limited announced that Stephen Postlewhite, a person discharging managerial responsibilities, was granted conditional awards under the company's Long Term Incentive Plan on March 25, 2026. These awards consist of 28,739 Common Shares as a Conditional Share Award and 112,260 Common Shares as a Performance Share Award, both with a nil pence per share price. Vesting for both awards is conditional upon continued employment and, for the performance shares, the satisfaction of specific performance conditions, with vesting typically occurring on the third anniversary of the grant date. Mr. Postlewhite currently holds zero Common Shares excluding these unvested awards.
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PDMR Notification
Grant of LTIP Award
CHL, the ultimate parent company of Conduit Re, a Bermuda-based reinsurance business, today announces that the following conditional awards over common shares of $0.01 par value each in CHL ("Common Shares") were granted under the CHL Long Term Incentive Plan ("LTIP") to the following person discharging managerial responsibilities in CHL ("PDMR"):
- Stephen Postlewhite, PDMR, has been awarded 28,739 Common Shares as a Conditional Share Award under LTIP.
- Stephen Postlewhite, PDMR, has been awarded 112,260 Common Shares as a Performance Share Award under LTIP.
The award of 28,739 was granted on 25 March 2026 and will vest on the third anniversary of the grant date, on terms that vesting is conditional upon continued employment in line with the Remuneration Policy approved at CHL's 2024 AGM, and as disclosed in the Remuneration Report set out in the Annual Report & Accounts.
The award of 112,260 was granted on 25 March 2026 as a conditional award and will ordinarily vest on the third anniversary of the grant date, subject to continued employment and to the satisfaction of performance and other conditions in accordance with the rules of the LTIP and the Remuneration Policy approved at CHL's 2024 AGM, and as disclosed in the Remuneration Report set out in the CHL Annual Report & Accounts.
PDMR's beneficial ownership interest
Stephen Postlwhite's beneficial ownership interest stands at zero Common Shares excluding the unvested shares which are subject of the terms of the applicable award made under the LTIP.
PDMR Notification of Dealing Form
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details of the transaction.
| a) | Name | Stephen Postlewhite |
| 2 | Reason for the Notification | |
| a) | Position/status | Stephen Postlewhite - PDMR |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Conduit Holdings Limited |
| b) | LEI | 21380085AE62D1BXSF19 |
| a) | Description of the Financial instrument, type of instrument | Common Shares of $0.01 par value |
| Identification code | ISIN BMG243851091 SEDOL BN133N2 | |
| b) | Nature of the Transaction | Grant of a conditional award over Common Shares under the Rules of the Conduit Holdings Limited Long Term Incentive Plan with a price of nil pence per share. |
| c) | Price(s) and volume(s) | Price(s) Nil Volume(s) 28,739 |
| d) | Aggregated information Aggregated volume Price | Not applicable (single transaction) |
| e) | Date of the transaction | 25 March 2026 |
| f) | Place of the transaction | Outside a trading venue |
| a) | Name | Stephen Postlewhite |
| 2 | Reason for the Notification | |
| a) | Position/status | Stephen Postlewhite - PDMR |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Conduit Holdings Limited |
| b) | LEI | 21380085AE62D1BXSF19 |
| a) | Description of the Financial instrument, type of instrument | Common Shares of $0.01 par value |
| Identification code | ISIN BMG243851091 SEDOL BN133N2 | |
| b) | Nature of the Transaction | Grant of a performance share award over Common Shares under the Rules of the Conduit Holdings Limited Long Term Incentive Plan with a price of nil pence per share. |
| c) | Price(s) and volume(s) | Price(s) Nil Volume(s) 112,260 |
| d) | Aggregated information Aggregated volume Price | Not applicable (single transaction) |
| e) | Date of the transaction | 25 March 2026 |
| f) | Place of the transaction | Outside a trading venue |
LinkedIn: https://www.linkedin.com/company/conduit-re
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.