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Catlin Group Limited (CGL)

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Wednesday 13 February, 2013

Catlin Group Limited

Director/PDMR Shareholding

RNS Number : 8223X
Catlin Group Limited
13 February 2013
 



 

 

Catlin Group Limited

13 February 2013

 

 

DIRECTORS' AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES' SHAREHOLDINGS

 

It is announced that awards of allocations and/or options over Catlin Group Limited's (the "Company") common shares of $0.01 each ("Common Shares") were made on 8 February 2013 pursuant to the Company's Performance Share Plan as follows:

 

Name

Status

Number of Common Shares Covered by Award

 

Stephen Catlin

Director

262,355

 

Benjamin Meuli

Director

254,596

 

Richard Banas

Person discharging managerial responsibilities

 

97,873

Paul Brand

Person discharging managerial responsibilities

 

244,980

 

Paul Jardine

Person discharging managerial responsibilities

 

183,397

Andrew McMellin

Person discharging managerial responsibilities

 

170,877

Adrian Spieler

Person discharging managerial responsibilities

 

130,842

 

Up to 50% of each award will be eligible to vest in each of 2016 and 2017, but only to the extent that the performance conditions set forth in the Performance Share Plan are achieved.

 

No consideration was payable upon grant of the awards or will be payable upon the exercise of any vested options or upon the vesting of any allocations.

 

An acquisition of Common Shares is announced pursuant to the vesting of nil cost Performance Share Plan allocations on 11 and 12 February 2013:

 

Name

Status

Number of Common Shares Acquired

 

Richard Banas

Person discharging managerial responsibilities

181,281

 

As a result of the vesting of his Performance Share Plan award, Mr Banas will receive an additional 52,426 Common Shares from the Catlin Group Limited Employee Benefit Trust on 20 February 2013.  His total holding at that date will be 415,544 Common Shares.

 

This announcement is made in accordance with Disclosure and Transparency Rule 3.1.4 R (1)(a).


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