Director/PDMR Shareholding
Helios Underwriting Plc announced on 6 November 2025 that Non-Executive Deputy Chairman Nigel Hanbury and his closely associated persons completed significant share disposals. This included the tendering of 879,545 ordinary shares at 238 pence per share on 3 November 2025 under a Tender Offer. Additionally, Mr Hanbury separately sold 500,000 ordinary shares at 218.9 pence per share on 4 November 2025. Following these transactions, Mr Hanbury and his associates now hold 7,527,680 Ordinary Shares, representing 10.8% of the company's voting rights. These substantial sales by a director, particularly the open market transaction at a lower price, could be perceived by investors as a negative
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Helios, the only publicly traded company offering instant access to a diverse portfolio of syndicates at Lloyd's of London, the world's largest insurance market, was informed on 5 November 2025 that, pursuant to the recent Tender Offer, Mr Nigel Hanbury, Non-Executive Deputy Chairman and Director of the Company and persons closely associated with Mr Hanbury, tendered an aggregate of 879,545 ordinary shares of 10 pence each ("Tendered Shares") at a price of 238 pence per share. The Tendered Shares were purchased on 3 November 2025 by Deutsche Numis pursuant to the Repurchase Agreement, as set out in the circular published by the Company on 29 September 2025 (the "Circular"). Separately, Mr Hanbury sold 500,000 ordinary shares of 10 pence each at a price of 218.9 pence per share on 4 November 2025.
Further to the abovementioned transactions, Mr Hanbury and persons closely associated with Mr Hanbury are now interested in 7,527,680 Ordinary Shares, representing 10.8% of voting rights of the Company.
| 2 | Reason for the notification | |
| a) | Position/status | Director PCA |
| b) | Initial notification/Amendment | Initial Notification |
| a) | Name | Helios Underwriting Plc |
| b) | LEI | 213800FX86DJW5TCM864 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 10 pence each ISIN - GB00B23XLS45 |
| b) | Nature of the transaction | Sale of Ordinary Shares under the Tender Offer |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Sale: 238p 762,228 Sale: 238p 39,027 Sale: 238p 39,160 Sale: 238p 39,130 |
| d) | Aggregated information | Price(s) Volume(s) Sale: 238p 879,545 |
| e) | Date of the transaction | 3 November 2025 |
| f) | Place of the transaction | London Stock Exchange, AIM |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Nigel Hanbury (Director) |
| 2 | Reason for the notification | |
| a) | Position/status | Director |
| b) | Initial notification/Amendment | Initial Notification |
| a) | Name | Helios Underwriting Plc |
| b) | LEI | 213800FX86DJW5TCM864 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 10 pence each ISIN - GB00B23XLS45 |
| b) | Nature of the transaction | On market sale of Ordinary Shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Sale: 218.9p 500,000 |
| d) | Aggregated information | Price(s) Volume(s) Sale: 218.9p 500,000 |
| e) | Date of the transaction | 4 November 2025 |
| f) | Place of the transaction | London Stock Exchange, AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.