20th Nov 2009 18:21
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
1. Name of the issuer 2. State whether the
notification
related to (i) a transaction Lancashire Holdings Limited notified in accordance with DTR (the "Company") 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 (ii) a disclosure made in accordance with LR 9.8.6R(1)
3. Name of the person discharging 4. State whether notification managerial responsibilities/ relates to a person connected director with a person discharging managerial responsibilities/ director named in 3 and identify connected person 1. Richard Brindle 2. Alex Maloney N/A
5. Indicate whether the notification 6. Description of shares (including
is in respect of a holding of the class), debentures or derivatives
person referred to in 3 or 4 or financial instruments
relating
above or in respect of a to shares non-beneficial interest Common shares of US$0.50 each Person referred to at 3 above. (the "Shares") 7. Name of registered shareholder(s) 8. State the nature of the and, if more than one, the number transaction of shares held by each of them Cashless exercise of options over 1. Richard Brindle the common shares of US$0.50 each 2. Alex Maloney awarded under the Company's Long Term Incentive Plan adopted by the Company's shareholders on 7 December 2005 and subsequently amended by the Company's shareholders on 4 January 2008 (the "Options"). The number of shares allotted for each option exercise is net of applicable tax. 1. Richard Brindle - 285,946 Options 2. Alex Maloney - 137,500 Options
9. Number of shares, debentures or 10. Percentage of issued class financial instruments relating to acquired (treasury shares of the shares acquired class should not be taken into account when calculating 1. Richard Brindle - 120,265 percentage) Shares 2. Alex Maloney - 25,063 Shares 1. Richard Brindle - 0.062% 2. Alex Maloney - 0.001%
11. Number of shares, debentures or 12. Percentage of issued class financial instruments relating to disposed (treasury shares of the shares disposed class should not be taken into account when calculating N/A percentage) N/A
13. Price per share or value of 14. Date and place of transaction
transaction 13 November 2009, London Nil
15. Total holding following 16. Date issuer informed of
notification and total percentage transactions holding following notification (any treasury shares should not 20 November 2009 be taken into account when calculating percentage) 1. Richard Brindle - 657,191 Shares 2. Alex Maloney - N/A
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 20. Description of shares or
grant of the option debentures involved (class and number)
21. Exercise price (if fixed at time 22. Total number of shares or
of grant) or indication that debentures over which options price is to be fixed at the time held following notification of exercise
23. Any additional information 24. Name of contact and telephone
number for queries In addition to the securities noted in question 15 above, Greg Lunn +1 441 278 8953 Richard Brindle also holds the following interests in the Company: Restricted Share Scheme - 744,007 Long Term Incentive Plan - 340,631 Founder warrants - 46,260 Time vesting warrants - 7,625,217 Performance warrants - 1,556,032
Name of authorised official if issuer making notification
Teresa de Freitas
Assistant Company Secretary
20 November 2009
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.
vendorRelated Shares:
Lancashire Holdings