Director/PDMR Shareholding
Conduit Holdings Limited announced that Elaine Whelan, a person discharging managerial responsibilities, was granted a conditional award of 316,469 common shares under the company's Long Term Incentive Plan on March 25, 2026, with vesting typically occurring three years post-grant, subject to performance conditions. This award, granted at nil pence per share, increases Ms. Whelan's beneficial ownership interest to 581,457 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 award 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"):
- Elaine Whelan, PDMR, has been awarded 316,469 Common Shares as a Performance Share Award
The award 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
Elaine Whelan's beneficial ownership interest stands at 581,457 Common Shares excluding the unvested shares which are the subject of the LTIP Award specified in this announcement.
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 | Elaine Whelan |
| 2 | Reason for the Notification | |
| a) | Position/status | Elaine Whelan - 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) 316,469 |
| 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.