26th May 2009 09:00
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/ (1) Simon Burton director named in 3 and identify (2) Robert Spass 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 Common shares of US$0.50 each Persons named at 3 above.
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 Sale of shares (1) Simon Burton (2) Robert Spass
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 (1) Simon Burton - 60,000 percentage) (2) Robert Spass - (a) 100,000 and (b) 50,000 (1) Simon Burton - 0.03% (2) Robert Spass - 0.09%
13. Price per share or value of 14. Date and place of transaction
transaction (1) Simon Burton - 21 May 2009, (1) Simon Burton - GBP£4.9295 London (2) Robert Spass - (a) US$7.8918 (2) Robert Spass - 19 May 2009, and (b) US$7.868 New York 15. Total holding following 16. Date issuer informed of notification and total percentage transactions holding following notification (any treasury shares should not 22 May 2009 be taken into account when calculating percentage) (1) Simon Burton - 180,000 (0.10%) (2) Robert Spass - 222,500 (0.13%)
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 Robert Spass' sale was executed for personal tax management Greg Lunn +1 441 278 8953 reasons. In addition to the securities noted in question 15 above: (1) Simon Burton also retains the following interests in the Company: Restricted Share Scheme - 224,757 Long Term Incentive Plan - 800,000 Time vesting warrants - 559,182 Performance warrants - 246,372 (2) Robert Spass also retains the following interests in the Company: Founder Warrants - 1,549,135
Name of authorised official if issuer making notification
Teresa de Freitas
Assistant Company Secretary 26 May 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