30th Oct 2009 12:14
Catlin Group Limited
30 October 2009
Dealings by the Trustees of the Catlin Group Employee Benefit Trust (the "EBT")
Catlin Group Limited ("Company") received notice today that the Trustees of the EBT have acquired in London 479,000 common shares of $0.01 each in the capital of the Company as detailed below ("Shares"):
|
Number of Shares purchased |
Average price paid per Share |
Date of Purchase |
|
188,000 |
£3.489 |
2 October 2009 |
|
291,000 |
£3.543 |
8 October 2009 |
The Shares represent 0.13% of the Company's issued share capital.
The EBT is a trust for the benefit of employees of the Company and its subsidiaries ("Group").
The executive directors and executive persons discharging managerial responsibilities of the Company listed below have a contingent beneficial interest in the EBT Shares arising from their participation in the Company's Performance Share Plan ("PSP"). Their interest in EBT Shares will vest to the same extent as underlying PSP awards. EBT Shares that do not vest will revert to the Company.
Depending on the level of vesting, the following directors and persons discharging managerial responsibilities have a beneficial interest in the EBT Shares in up to the following amounts:
|
Name |
Status |
Number of Shares |
|
Stephen Catlin |
Director |
24,214 |
|
Richard Banas |
Person discharging managerial responsibilities |
14,391 |
|
Paul Brand |
Person discharging managerial responsibilities |
18,412 |
|
Paul Jardine |
Person discharging managerial responsibilities |
15,219 |
|
Andrew McMellin |
Person discharging managerial responsibilities |
6,614 |
This notification is made in accordance with Rule 3.1.4R (1) (a) of the Disclosure and Transparency Rules.
Related Shares:
Castelnau Group