Grant of LTIP Award
Helios Underwriting Plc announced on June 5, 2026, that its Chief Underwriting Officer, Jen Tan, was granted a nil cost option award of 32,032 ordinary shares under the company's Long Term Incentive Plan, vesting on June 4, 2029. This award is subject to performance conditions tied to the company's total shareholder return over a three-year period, with 25% vesting if TSR reaches 15% and 100% vesting if TSR reaches 45% or more.
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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, announces that on 5 June 2026 the following Award over ordinary shares of 10 pence each in the Company was granted under the Helios Underwriting plc Long Term Incentive Plan to the following person discharging managerial responsibilities:
| Participant | Position | Number of Shares under Award | Normal Vesting Date |
|---|---|---|---|
| Jen Tan | Chief Underwriting Officer | 32,032 | 4 June 2029 |
The Award was granted as a nil cost option.
The Award will ordinary vest on its Normal Vesting Date, subject to the grantee's continued service.
The Award is subject to performance conditions. As summarised in the table immediately below; such performance conditions set threshold to stretch targets in respect of Company's total shareholder return ("TSR") over the three year period following 4 June 2026. No portion of the Award shall performance vest unless the Company's TSR over the performance period reaches the threshold target, for which 25% of the Award would performance vest, rising to full performance vesting of the Award for the Company's TSR over the performance period being equal to the stretch target or better.
| The Company's TSR over the 3 year performance period | % of the Normal LTIP Award that vests |
|---|---|
| Less than 15% | Nil |
| 15% to 45% | Between 25% and 100% on straight-line basis |
| 45% or more | 100% |
The Award is also subject to an underpin condition.
The Award is in addition to the Award granted to Ms Tan on 4 June 2026 as previously notified.
The information set out below is provided in accordance with the requirements of UK MAR.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Jen Tan |
| 2 | Reason for Notification | |
| a) | Position/status | Chief Underwriting Officer |
| b) | Initial notification/Amendment | Initial Announcement |
| 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 | Grant of options over ordinary shares under the Helios Underwriting plc Long Term Incentive Plan with an option price of nil pence per share. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 32,032 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transactions Nil |
| e) | Date of the transaction | 5 June 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.