20th Nov 2006 16:09
BRIT Insurance Holdings PLC20 November 2006 For immediate release 20 November 2006 Brit Insurance Holdings PLC Notification of Interests of Directors and Persons Discharging Managerial Responsibility ("PDMR") and connected persons Brit Insurance Holdings PLC ('the Company'), the UK-domiciled international general insurer and reinsurer, announces the following changes to the interests of Directors and PDMRs in the Company's ordinary shares of 75p each ('Shares'). Abacus Corporate Trustee Limited, the independent trustee (the 'Trustee') of theBrit Insurance Performance Share Plan 2003 ('PSP') notified the Company on 20November 2006 that it sold 261,288 Shares on behalf of 20 participants of thePSP, including the directors and PDMRs detailed below, and transferred 129,066to the directors and PDMRs detailed below (who are participants of the PSP) on16 November 2006. Directors Name Shares No of Shares sold at Net no of Total beneficial and released £3.244 to cover UK tax Shares family interests from 2003 liability/charges acquired following this PSP Notification D J Douetil 60,018 24,657 35,361 369,114 M Scales 60,018 24,657 35,361 122,537 PDMRs Name Shares No of Shares No of Shares Net no of released sold at £3.244 sold at £3.244 to Shares from 2003 per share cover UK tax acquired PSP liability/chargesR A Field 55,378 nil 22,751 32,627P J Goddard 43,650 nil 17,933 25,717M A Sibthorpe 20,297 20,297 nil nil Following these transactions, the Trustee holds a total of 2,531,264 Shares,representing approximately 0.77% of Brit's issued ordinary share capital. Theexecutive directors of Brit, together with other employees, are potentialbeneficiaries under the PSP and are therefore treated as having an interest insuch Shares. This notification is intended to satisfy the Company's obligations under Section324 of the Companies Act 1985 and Disclosure Rule 3.1.4. Lucie GilbertDeputy SecretaryBrit Insurance Holdings PLCTel: 020 7984 8664 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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