Business
Application for Block Listing - Replacement
Application for Block Listing - Replacement.
About this update from Chesnara Plc
[{"type":"text","content":"\n\n\n\n\n\n \n \nLEI Number: 213800VFRMBRTSZ3SJ06\n \n\n\n\n\n\n\n\n \n7 April 2025\n \n \nAmendment of RNS number 7416D. The expected date of admission has been revised to 10 April 2025.\n \n \nCHESNARA plc\n(\"Chesnara\", \"the Company\" or the \"Group\")\n \nAPPLICATION FOR BLOCK LISTING\n \n \nChesnara, the European life and pensions consolidator, today announces that an application has been made to the FCA and the London Stock Exchange for a Block Listing of 1,500,000 ordinary shares of 5p each (the \"Shares\") to trading on the London Stock Exchange and to be admitted to the Official List of the FCA.\n \nThe Shares will be issued from time to time as a result of the exercise of share options pursuant to the following schemes:\n· 1,300,000 to be issued pursuant to the Chesnara Short-Term Incentive Scheme (STIS) and Long-Term Incentive Plan (LTIP); and\n· 200,000 to be issued pursuant to the Chesnara Save As You Earn (SAYE) Scheme\n \nIt is anticipated that the block listing will be adequate to satisfy the maximum foreseeable requirements of staff incentive schemes over the next two years.\n \nIt is expected that admission will become effective on 10 April 2025. When issued, the Shares will rank pari passu with the existing ordinary shares of the Company.\n \nThis disclosure is made pursuant to paragraph 3.5.5R of the Listing Rules.\n \nFor further information, please contact:\n \nInvestor Enquiries\nSam Perowne\nHead of Strategic Development & Investor Relations\nChesnara plc\nE - [email protected]\n \nMedia Enquiries\nRoddy Watt\nDirector, Capital Markets\nFWD\nT - 020 7280 0651 / 07714 770 493 \nE - [email protected]\n \nNotes to Editors\nChesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers just under one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands and as Movestic in Sweden.\n \nFollowing a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholde...