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Helios Underwriting plc announced on 5 June 2026 the grant of a nil cost option Award under its Long Term Incentive Plan to Jen Tan, Chief Underwriting Officer. This Award comprises 32,032 ordinary shares of 10 pence each, with a normal vesting date of 4 June 2029, subject to continued service and performance conditions linked to the Company's Total Shareholder Return.
| Date | 5 Jun 2026 |
| Time | 16:05:07 |
| Category | Director/PDMR dealings |
| ID | 2651H |
Helios Underwriting plc
5 June 2026
Helios Underwriting plc
("Helios", the "Company" or the "Group")
Notification and public disclosure of transactions by PDMRS
Grant of LTIP Award
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
|
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|
2 |
Reason for Notification |
|||||
|
a) |
Position/status |
Chief Underwriting Officer
|
||||
|
b) |
Initial notification/Amendment |
Initial Announcement |
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|
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 |
Grant of options over ordinary shares under the Helios Underwriting plc Long Term Incentive Plan with an option price of nil pence per share.
|
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|
c) |
Price(s) and volume(s)
|
|
||||
|
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 |
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For further information, please contact:
Helios Underwriting plc
Louis Tucker - Chief Executive Officer +44 (0)20 3965 6441
Adhiraj Maitra - Director of Finance and Operations +44 (0)20 3743 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.