8th Aug 2005 14:00
BRIT Insurance Holdings PLC08 August 2005 8 August 2005 BRIT INSURANCE HOLDINGS PLCEMPLOYEE SHARE OWNERSHIP PLAN ("the ESOP") This disclosure relates to a single transaction of which notification wasreceived under Paragraph 3.1.2 of the Disclosure Rules and, in respect of theDirectors of Brit Insurance Holdings PLC ("the Company") only, Section 324 ofthe Companies Act 1985. The ESOP is an Inland Revenue approved trust arrangement, operated through HillSamuel ESOP Trustees Limited ("the Trustees"), under which employees are able tobuy ordinary shares of 25 pence each in the Company ("partnership shares"),using monthly deductions from salary, and receive free ordinary shares of 25pence each in the Company ("matching shares") on the basis of one matching sharefor every two partnership shares purchased. Both the partnership shares and thematching shares are acquired by and held in the ESOP Trust. The Company has been notified that on 5 August 2005, the following executivedirectors and persons discharging managerial responsibility ("PDMR") of theCompany each purchased 142 partnership shares at a price of 87.75p each andreceived 71 matching shares free of charge: Mr D J Douetil (Director)Mr N D Eckert (Director)Mr R A Field (PDMR)Mr P J Goddard (PDMR)Mr M Scales (Director)Mr M A Sibthorpe (PDMR) The Trustees transferred 7,763 ordinary shares of 25 pence each from Lloyds TSBRegistrars Corporate Nominee Limited AESOP 1 (allocated shares) to Lloyds TSBRegistrars Corporate Nominee Limited AESOP 2 (unallocated shares). The transferwas made following the forfeiture of shares, under the rules of the ESOP, byparticipants who have left the group since the last purchase. Following thetransaction on 5 August 2005, the executive directors of the Company, whotogether with other employees, are potential participants in the ESOP and are tobe treated as interested in the remaining 805 ordinary shares of 25 pence eachheld by Lloyds TSB Registrars Corporate Nominee Ltd AESOP 2 (unallocatedshares). 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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