Helios Underwriting director's associate sells 750,123 shares for £2.02m under tender offer
An FCA filing shows Producers National Corporation, a person closely associated with director Tom Libassi, sold 750,123 Helios Underwriting shares at 269p on 3 November 2026 under the company's tender offer.
An FCA Director/PDMR filing dated 9 November 2026 shows Producers National Corporation, a person closely associated with Helios Underwriting director Tom Libassi, sold 750,123 ordinary shares at 269 pence each on 3 November 2026 under the company's Tender Offer, with the shares purchased by Peel Hunt LLP; the filing also records Deputy Chairman Nigel Hanbury and associated persons selling 432,136
- Seller
- Producers National Corporation (PCA of Tom Libassi, Director)
- Shares sold
- 750,123 Ordinary Shares
- Price
- 269 pence per share
- Date of transaction
- 3 November 2026
- Libassi post-sale stake
- 12,137,899 shares, 18.16% of voting rights
Helios Underwriting plc disclosed in a Director/PDMR Shareholding notification that Producers National Corporation, described as a person closely associated with Non-Executive Director Tom Libassi, tendered 750,123 ordinary shares of 10 pence each at a price of 269 pence per share on 3 November 2026. The shares were purchased by Peel Hunt LLP under a Repurchase Agreement set out in a circular the company published on 29 September 2026, as part of the Tender Offer.
The same notification shows Nigel Hanbury, Non-Executive Deputy Chairman, and persons closely associated with him, tendered 432,136 Ordinary Shares at the same price of 269 pence on the same date. The filing states that following completion of the Tender Offer, Mr Hanbury and his associated persons are interested in an aggregate of 7,447,237 Ordinary Shares, representing approximately 11.14% of the voting rights, and Mr Libassi is interested in 12,137,899 Ordinary Shares, representing 18.16% of the voting rights of the company.
The filing does not state the total value of either transaction in pounds, nor does it explain the purpose of the Tender Offer beyond referring to the circular of 29 September 2026.
Primary sources
1 recordEvery factual claim above is drawn from these records. Each link resolves to the publisher’s own copy.