Director/PDMR Shareholding

RNS Number : 1648H

Lancashire Holdings Limited

24 May 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 Richard Brindle (Group CEO)	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 Lancashire Holdings Limited 2008 Restricted Share Scheme
7.	Name of registered shareholder(s) and, if more than one, the number of shares held by each of them Richard Brindle	8.	State the nature of the transaction Exercise of 358,453 Restricted Share Awards granted as nil-cost options over common shares of US$0.50 each under the Lancashire Holdings Limited 2008 Restricted Share Scheme and related sale of 74,529 resultant shares to cover tax liabilities
9.	Number of shares, debentures or financial instruments relating to shares acquired 358,453	10.	Percentage of issued class acquired (treasury shares of the class should not be taken into account when calculating percentage)  0.230172%
11.	Number of shares, debentures or financial instruments relating to shares disposed  74,529 (sold in order to cover tax liabilities arising out of the exercise of the shares)	12.	Percentage of issued class disposed (treasury shares of the class should not be taken into account when calculating percentage)  0.047857%
13.	Price per share or value of transaction £6.471406 per share	14.	Date and place of transaction 20 May 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) 652,724 common shares 0.419131%	16.	Date issuer informed of transactions 23 May 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, Richard Brindle also holds the following interests in the Company: Restricted Share Scheme Awards - 259,161 (subject to time and employment conditions only) Restricted Share Scheme Award - 1,038,366 Long Term Incentive Plan - 37,500 Time vesting warrants - 7,625, 217 Performance warrants - 741,964 Founder Warrants - 46,260

24.

Name of contact and telephone number for queries Christopher Head + 44 (0) 207 264 4145

Name of authorised official if issuer making notification Christopher Head Assistant Company Secretary 24 May 2011

 

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