Director/PDMR Shareholding

RNS Number : 5840S
Lancashire Holdings Limited
22 November 2011
 



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

 

1.

 

Name of the issuer

 

 

 

 

 

 

Lancashire Holdings Limited

(the "Company")

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)

 

(i) a transaction notified in accordance with DTR 3.1.2 R

 

3.

 

Name of the person discharging managerial responsibilities/director

 

 

 

Neil McConachie (Executive Director)

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

 

Person referred to at 3 above.

 

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

 

 

Common shares of US$0.50 each

 

7.

 

Name of registered shareholder(s) and, if more than one, the number of shares held by each of them

 

Neil McConachie

 

8.

State the nature of the transaction

 

Sale of  40,000 shares

 

 

 

9.

 

Number of shares, debentures or financial instruments relating to shares acquired

 

N/A

10.

Percentage of issued class acquired (treasury shares of the class should not be taken into account when calculating percentage)

 

N/A

 

11.

 

Number of shares, debentures or financial instruments relating to shares disposed

 

 

40,000 shares

 

 

12.

Percentage of issued class disposed (treasury shares of the class should not be taken into account when calculating percentage)

 

0.0254%

 

13.

 

Price per share or value of transaction

 

 

40,000 at  £7.75 per share

 

 

 

14.

Date and place of transaction

 


17 November  2011 - London, England

 

15.

 

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

 

206,406 (0.1309%)

16.

Date issuer informed of transactions

 

 

21 November  2011

 

 

 

 

 

 

 

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.

Date of grant

18.

Period during which or date on which exercisable

 

19.

Total amount paid (if any) for grant of the option

 

20.

Description of shares or debentures involved (class and number)

 

21.

Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

 

22.

Total number of shares or debentures over which options held following notification

 

23.

Any additional information

 

In addition to the securities noted in question 15 above, Neil McConachie also holds the following interests in the Company:

 

Restricted Share Scheme Awards Bonus Deferral Plan- 113,415 (subject to time and employment conditions only)

Restricted Share Scheme Awards-

523,807*

Long Term Incentive Plan - 50,000

 

*Pursuant to the Rules of the Restricted Share Scheme, the number of shares that will actually vest depends on the satisfaction of certain conditions including employment, performance and time conditions. 

**The sale of shares is part of Mr. McConachie's tax planning as publicly advised during the Company's Q3 2011 Earnings call held on 4 November 2011.

 

24.

Name of contact and telephone number for queries

 

 

Jonny Creagh-Coen + 44 (0) 207 264 4066

 

 

 

Name of authorised official if issuer making notification

 

Christopher Head

Assistant Company Secretary

22 November 2011

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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