Director/PDMR Shareholding

RNS Number : 0377C

Lancashire Holdings Limited

01 March 2011

 



Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1.	Name of the issuer Lancashire Holdings Limited	2.	State whether the notification related to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006) Category (i)
3.	Name of the person discharging managerial responsibilities/director (1) Richard Brindle (Executive Director) (2) Neil McConachie (Executive Director) (3) Alex Maloney (Executive Director) (4) Greg Lunn (PDMR)	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify connected person N/A
5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest Persons referred to at 3 above.	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares Lancashire Holdings Limited Restricted Share Scheme
7.	Name of registered shareholder(s) and, if more than one, the number of shares held by each of them (1) Richard Brindle (2) Neil McConachie (3) Alex Maloney (4) Greg Lunn	8.	State the nature of the transaction Restricted Share Awards granted as nil-cost options over common shares of US$0.50 each under the Lancashire Holdings Limited Restricted Share Scheme
9.	Number of shares, debentures or financial instruments relating to shares acquired (1) Richard Brindle - 312,741 RSS Awards (2) Neil McConachie - 261,994 RSS Awards (3) Alex Maloney  - 236,198 RSS Awards (4) Greg Lunn  - 27,104 RSS Awards	10.	Percentage of issued class acquired (treasury shares of the class should not be taken into account when calculating percentage) (1) Richard Brindle - 0.20380% (2) Neil McConachie - 0.17073% (3) Alex Maloney  - 0.15392% (4) Greg Lunn  - 0.01766%
11.	Number of shares, debentures or financial instruments relating to shares disposed N/A	12.	Percentage of issued class disposed (treasury shares of the class should not be taken into account when calculating percentage) N/A
13.	Price per share or value of transaction £NIL	14.	Date and place of transaction 24 February 2011
15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) (1) Richard Brindle (Executive Director) - 368,800 (0.24%) (2) Neil McConachie (Executive Director) - 257,834 (0.17%) (3) Alex Maloney (Executive Director) - 73,613 (0.05%)  (4) Greg Lunn (PDMR) - disclosure not required.	16.	Date issuer informed of transaction 24 February 2011

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17.	Date of grant 24 February 2011	18.	Period during which or date on which exercisable In accordance with the Restricted Share Scheme adopted by the shareholders on 4 January 2008, vesting will occur on a date after 31 December 2013 when and to the extent that the performance conditions have been met in accordance with the Rules of the Restricted Share Scheme.
19.	Total amount paid (if any) for grant of the option Nil	20.	Description of shares or debentures involved (class and number) Restricted Share Awards granted over common shares of US$0.50 each under the Restricted Share Scheme (1) Richard Brindle - 312,741 (2) Neil McConachie - 261,994 (3) Alex Maloney - 236,198 (4) Greg Lunn - 27,104
21.	Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise Nil	22.	Total number of  shares or debentures over which options held following notification Total number of Restricted Share Awards granted under the Restricted Share Scheme and held following notification: (1) Richard Brindle - 1,465,590 (2) Neil McConachie - 660,501 (3) Alex Maloney - 478,125 (4) Greg Lunn - 222,245 The actual number of shares to vest is dependent on the Rules of the Scheme including, inter alia, the satisfaction of applicable performance conditions. Total number of options granted under the Long Term Incentive Plan and held following notification: (1) Richard Brindle - 37,500 (2) Neil McConachie - 50,000 (3) Alex Maloney - 137,500 (4) Greg Lunn - 37,500 Total number of time vesting warrants held following notification: (1) Richard Brindle - 7,625,217 (2) Neil McConachie - 520,869 (4) Greg Lunn - 317,717 Total number of performance warrants held following notification: (1) Richard Brindle - 741,964 (2) Neil McConachie - 185,490 (4) Greg Lunn - 83,471 Total number of Founder warrants held following notification: Richard Brindle - 46,260

23.

Any additional information

24.

Name of contact and telephone number for queries Christopher Head  [phone]

Name of authorised official if issuer for making notification Christopher Head Assistant Company Secretary 28 February 2011

Notes:    This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4

(1)           An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)           An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)           An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)           An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

 

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