6th Nov 2009 16:50
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 in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006) (i) and (ii)
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) Richard Brindle (Executive director named in 3 and identify Director) connected person (2) Simon Burton (Executive N/A Director) (3) Neil McConachie (Executive Director) (4) Greg Lunn (PDMR) (5) Alex Maloney (PDMR)
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 N/A N/A
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 N/A N/A
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 N/A percentage) N/A
13. Price per share or value of 14. Date and place of transaction transaction N/A N/A 15. Total holding following 16. Date issuer informed of
notification and total percentage transaction holding following notification (any treasury shares should not N/A be taken into account when calculating percentage) (1) Richard Brindle (Executive Director) - 536,926 (0.31%) (2) Simon Burton (Executive Director) - 180,000 (0.10%) (3) Neil McConachie (Executive Director) - 165,668 (0.10%) (4) Greg Lunn (PDMR) - disclosure not required. (5) Alex Maloney (PDMR) - disclosure not required.
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 5 November 2009 In accordance with the Restricted Share Scheme adopted by the shareholders on 4 January 2008 and the special conditions set by the Board, vesting will occur on a date after 31 December 2011 when and to the extent that the performance conditions have been met in accordance with the Rules of the Restricted Share Scheme.
19. Total amount paid (if any) for 20. Description of shares or
grant of the option debentures involved (class and number) Nil Restricted Share Awards granted over common shares of US$0.50 each under the Restricted Share Scheme (1) Richard Brindle - 31,875 (2) Simon Burton - 9,313 (3) Neil McConachie - 9,938 (4) Greg Lunn - 6,750 (5) Alex Maloney - 6,375
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 Total number of Restricted Share Nil Awards granted under the Restricted Share Scheme held following notification: (1) Richard Brindle -744,007 (2) Simon Burton - 234,070 (3) Neil McConachie - 232,599 (4) Greg Lunn - 132,599 (5) Alex Maloney - 167,931 Total number of options granted under Long Term Incentive Plan held following notification: (1) Richard Brindle - 626,577 (2) Simon Burton - 800,000 (3) Neil McConachie - 458,348 (4) Greg Lunn - 181,771 (5) Alex Maloney - 307,087 Total number of time vesting warrants held following notification: (1) Richard Brindle - 7,625,217 (2) Simon Burton - 559,182 (3) Neil McConachie - 770,870 (4) Greg Lunn - 317,717 (5) Alex Maloney - 397,147 Total number of performance warrants held following notification: (1) Richard Brindle - 1,556,032 (2) Simon Burton - 246,372 (3) Neil McConachie - 389,008 (4) Greg Lunn - 175,054 (5) Alex Maloney - 199,366
23. Any additional information 24. Name of contact and telephone number for queries None Greg Lunn +1 441 278 8953 Name of authorised official if issuer for making notification Teresa de Freitas Assistant Company Secretary Date: 6 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