11th Aug 2010 18:15
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 3.1.2 R, (ii) a disclosure made (the "Company") 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/ Neil McConachie (Executive director named in 3 and identify Director) connected person 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 Options over common shares of Person referred to at 3 above. US$0.50 each
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 Cash exercise of 150,000 options Neil McConachie over the common shares of US$0.50 each 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.
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 N/A percentage) N/A
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 150,000 options over the common percentage) shares of US$0.50 each N/A
13. Price per share or value of 14. Date and place of transaction transaction £356,634.86GBP 6 August 2010 15. Total holding following 16. Date issuer informed of
notification and total percentage transactions holding following notification (any treasury shares should not 11 August 2010 be taken into account when calculating percentage) (See Section 23)
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 Following the above transaction noted in section 8 above, Neil Greg Lunn +1 441 278 8953 McConachie holds the following interests in the Company: Restricted Share Scheme Awards - 398,507* Long Term Incentive Plan - 50,000 Time vesting warrants - 770,869 Performance warrants - 185,491 Common Shares - 250,000 *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 performance and time conditions.
Name of authorised official if issuer making notification
Greg Lunn Company Secretary 11 August 2010
vendorRelated Shares:
Lancashire Holdings