Business
Grant of LTIP Award
Grant of LTIP Award.
About this update from Helios Underwriting Plc
[{"type":"text","content":"\n\nRNS Number:\nHelios Underwriting plc\n1 June 2023\n \nHelios Underwriting plc\n(\"Helios\", the \"Company\" or the \"Group\")\nNotification and public disclosure of transactions by PDMRS\nGrant of LTIP Awards\nHelios, the investment vehicle which builds shareholder value through exposure to Lloyd's is pleased to announce that on 31 May 2023 the following awards over ordinary shares of 10 pence each in the Company were granted under the Helios Underwriting plc Long Term Incentive Plan to the following person(s) discharging managerial responsibilities:\n\n\n\nParticipant\n\n\nPosition\n\n\n No. of Shares under Award\n\n\n\n\nNigel Hanbury\n\n\nExecutive Deputy Chairman\n\n\n263,157\n\n\n\n\nArthur Manners\n\n\nChief Financial Officer\n\n\n228,070\n\n\n\n \n \nThe awards were granted as nil cost options and will ordinarily vest on the third anniversary of their grant, subject to the grantee's continued service and the extent to which the award's performance conditions are satisfied.\nThe award's performance conditions set threshold to stretch targets in respect of Company's TSR over the three year period following the grant of the awards. No portion of the awards shall performance vest unless the Company's TSR over the performance period reaches the threshold target, for which one quarter of the awards would performance vest, rising on a straight line basis to full performance vesting of the awards for the Company's TSR over the performance period being equal to the stretch target or better.\nThe information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\n1. Nigel Hanbury\n2. Arthur Manners\n \n\n\n\n\n2\n\n\nReason for Notification\n\n\n\n\na)\n\n\nPosition/status\n\n\n1. Executive Deputy Chairman\n2. Chief Financial Officer\n \n \n\n\n\n\nb)\n\n\nInitial notification/Amendment\n\n\nInitial Announcement\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nHelios Underwriting plc\n\n\n\n\nb)\n\n\nLEI\n\n\n213800FX86DJW5TCM864\n&...