Director/PDMR Shareholding
Helios Underwriting Plc announced that Tom Libassi, a Non-Executive Director, is now interested in 12,888,022 ordinary shares, representing 18.52% of the company's voting rights, following a tender offer where Producers National Corporation, managed by a firm co-founded by Mr. Libassi, sold 525,478 ordinary shares at 238 pence per share on November 3, 2025. This transaction, executed under a repurchase agreement, was the only director or PDMR shareholding change related to the tender offer.
Select text to share a quote on X · sign in to keep highlights & notes in your HUW notes
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 12 November 2025 that, pursuant to the recent Tender Offer, Producers National Corporation, which is under the management of Resolute Global Partners Ltd, a Company which Tom Libassi, Non-Executive Director of the Company, co-founded and is managing partner of, tendered an aggregate of 525,478 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"). No further directors or persons discharging managerial responsibilities tendered their shares under the Tender Offer.
Further to the abovementioned transaction, Mr Libassi is now interested in 12,888,022 Ordinary Shares, representing 18.52% of voting rights of the Company.
| a) | Name | Tom Libassi (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 | Sale of Ordinary Shares under the Tender Offer |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Sale: 238p 525,478 |
| d) | Aggregated information | Price(s) Volume(s) Sale: 238p 525,478 |
| e) | Date of the transaction | 3 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.