Conduit Holdings Ltd ( (GB:CRE) ) has issued an update.
Conduit Holdings Limited has announced the grant of a Long Term Incentive Plan (LTIP) award to Stuart Quinlan, a person discharging managerial responsibilities within the company. Quinlan has been awarded 247,705 common shares, which will vest over a three-year period subject to performance conditions focused on growth in net asset value per share and absolute total shareholder return. This move aligns with Conduit’s strategy to ensure long-term growth and value creation for shareholders, reflecting the company’s commitment to rewarding performance and maintaining its competitive position in the reinsurance industry.
More about Conduit Holdings Ltd
Conduit Re is a Bermuda-based reinsurance business with a global reach, operating under the ultimate parent company Conduit Holdings Limited, which is listed on the London Stock Exchange. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer and holds a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) from A.M. Best, with a stable outlook.
YTD Price Performance: -21.06%
Average Trading Volume: 509,416
Technical Sentiment Signal: Buy
Current Market Cap: £578.3M
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