24th May 2011 09:43
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
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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
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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
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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
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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%
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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%
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13.
| Price per share or value of transaction
£6.471406 per share
| 14. | Date and place of transaction
20 May 2011 - London, England
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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
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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
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19. | Total amount paid (if any) for grant of the option
| 20. | Description of shares or debentures involved (class and number)
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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
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Name of authorised official if issuer making notification
Christopher Head Assistant Company Secretary 24 May 2011
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Related Shares:
Lancashire Holdings