REG - Conduit Holdings Ltd - Purchase of Shares by Employee Benefit Trust

Conduit HoldingsAnnouncement

10/04/2025 16:45

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RNS Number : 5767E  Conduit Holdings Limited  10 April 2025

Purchase of Shares by Employee Benefit Trust

 

Pembroke, Bermuda - 10 April 2025

Conduit Holdings Limited

("CHL"; LSE ticker: CRE)

Purchase of Shares by Employee Benefit Trust

CHL, the ultimate parent company of Conduit Reinsurance Limited ("Conduit
Re"), a Bermuda-based reinsurance business, was notified on 9 April 2025 by
the Trustees of the Conduit Employee Benefit Trust (the "Conduit EBT") that
the Trustees had purchased 24,074 shares of USD 0.01 par value each (ISIN
Code: BMG243851091) ("Shares") on the London Stock Exchange at a gross price
of £3.2993 per share. The purchases were made by Panmure Liberum Limited. The
Shares held in the Conduit EBT are intended to be used to satisfy awards made
under the CHL employee share schemes.

The Conduit EBT is a discretionary trust for the benefit of employees of CHL
and its subsidiaries. The Executive Directors of CHL are included in the class
of beneficiaries of the Conduit EBT and are deemed to be interested in those
share awards made to them and the dealings thereof.

Following this transaction, a total of 8,262,000 Shares representing 5.000 per
cent of CHL's total voting rights is held in the Conduit EBT. Unless
specifically directed by CHL, the Conduit EBT Trustee shall abstain from
exercising its voting rights over the Shares held by the Conduit EBT at any
general meeting of CHL. If CHL directs that the Conduit EBT Trustee may vote,
CHL cannot direct the manner in which the Conduit EBT Trustee exercises its
votes.

Media contacts

H/Advisors Maitland - Vikki Kosmalska / Genevieve Ryan

+44 (0) 207 379 5151

conduitre@h-advisors.global

Investor relations and other enquiries:

brett.shirreffs@conduitre.bm

Panmure Liberum (Joint Corporate Broker)

+44 (0) 207 886 2500

Berenberg (Joint Corporate Broker)

+44 (0) 203 207 7800

Peel Hunt (Joint Corporate Broker)

+44 (0) 207 418 8900

About Conduit Re

Conduit Re is a multi-line Bermuda-based reinsurance business with global
reach. Conduit Re is licensed by the Bermuda Monetary Authority as a Class 4
insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent)
and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance
Limited. The outlook assigned to these ratings is positive.

Conduit Holdings Limited is the ultimate parent of Conduit Re and is listed on
the London Stock Exchange (ticker: CRE). References to "Conduit" include
Conduit Holdings Limited and all of its subsidiary companies.

Learn more about Conduit Re:

Website: https://conduitreinsurance.com/

LinkedIn: https://www.linkedin.com/company/conduit-re

 

 

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