18th Dec 2009 18:06
18 December 2009
BRIT INSURANCE HOLDINGS PLC
EMPLOYEE SHARE OWNERSHIP PLAN ("the ESOP")
Brit Insurance Holdings PLC ("Brit Insurance" or "the Company"), the international general insurance and reinsurance group, confirms that this disclosure relates to a single transaction of which notification was received under Paragraph 3.1.2 of the Disclosure and Transparency Rules.
The ESOP is a HM Revenue and Customs approved trust arrangement, operated through Equiniti Share Plan Trustees Limited ("the Trustees"), under which employees are able to buy ordinary shares of 75 pence each in the Company ("partnership shares"), using monthly deductions from salary, and receive free ordinary shares of 75 pence each in the Company ("matching shares") on the basis of one matching share for every two partnership shares purchased. Both the partnership shares and the matching shares are acquired by and held in the ESOP Trust.
The Company has been notified that on 18 December 2009, the following executive directors and persons discharging managerial responsibility ("PDMR") of the Company each purchased partnership shares at a price of 184p each and received matching shares free of charge.
|
Name |
Partnership shares purchased at 184p each |
Matching shares received free of charge |
|
Mr D J Douetil (Director) |
68 |
34 |
|
Mr P J Goddard (PDMR) |
68 |
34 |
|
Mr M Scales (Director) |
68 |
34 |
|
Mr J R Turner (PDMR) |
68 |
34 |
|
Mr M Wilson (PDMR) |
68 |
34 |
Peter Goddard
Company Secretary
Brit Insurance Holdings PLC
Tel: 020 7984 8500
Related Shares:
BRE.L