9 November 2026
Helios Underwriting plc
("Helios" or the "Company")
Director/PDMR Shareholding
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 5 November 2026 that, pursuant to the recent tender offer by the Company (the “Tender Offer”):
- Mr Nigel Hanbury, Non-Executive Deputy Chairman and a Director of the Company, and persons closely associated with Mr Hanbury, tendered an aggregate of 432,136 ordinary shares of 10 pence each in the Company (“Ordinary Shares”); and
- 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 750,123 Ordinary Shares.
All of the Ordinary Shares tendered by Mr Hanbury and persons closely associated with him and by Producers National Corporation (together, the "Tendered Shares") were tendered at a price of 269 pence per Ordinary Share. The Tendered Shares were purchased on 3 November 2026 by Peel Hunt LLP pursuant to the Repurchase Agreement, as set out in the circular published by the Company on 29 September 2026 (the “Circular”).
Following the completion of the Tender Offer, Mr Hanbury and persons closely associated with him are interested in an aggregate of 7,447,237 Ordinary Shares, representing approximately 11.14% of the voting rights of the Company and Mr Libassi is interested in an aggregate of 12,137,899 Ordinary Shares, representing 18.16% of the voting rights of the Company.
The notification below, which has been made in accordance with the requirement of the UK Market Abuse Regulation, provides further details.
For further information, please contact:
Helios Underwriting plc
Louis Tucker - Chief Executive Officer +44 (0)203 965 6441
Adhiraj Maitra – Director of Finance and Operations +44 (0)203 743 2114
Peel Hunt (Nomad, Broker and Financial Adviser)
Dan Webster / Andrew Buchanan / Martin Frowde +44 (0)20 7418 8900
Singer Capital Markets (Joint Broker)
Charles Leigh-Pemberton / Russell Cook / James Todd +44 (0)20 7496 3000
FTI Consulting
Ed Berry +44 (0)7703 330 199
Christian Harte +44 (0)7974 288 763
About Helios
Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market. The portfolio provides a broad spread of business primarily participating in the US and other international wholesale and reinsurance markets. For further information please visit www.huwplc.com.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Producers National Corporation | ||||
2 | Reason for the notification | |||||
a) | Position/status | PCA of Tom Libassi (Director) | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Helios Underwriting Plc | ||||
b) | LEI | 213800FX86DJW5TCM864 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
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) |
| ||||
d) | Aggregated information |
| ||||
e) | Date of the transaction | 3 November 2026 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Nigel Hanbury (Director) Clementine Hanbury (PCA) Elizabeth Hanbury (PCA) George Hanbury (PCA) Daphne Hanbury (PCA) Upperton Holdings Limited (PCA) | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Helios Underwriting Plc | ||||
b) | LEI | 213800FX86DJW5TCM864 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
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) |
| ||||
d) | Aggregated information |
| ||||
e) | Date of the transaction | 3 November 2026 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
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