Lancashire Hld Ltd Director/PDMR Shareholding
06 Agosto 2019 - 05:50PM
UK Regulatory
TIDMLRE
Lancashire Holdings Limited
(the "Company")
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
The Company announces that, on 2 August 2019, Alex Maloney, Executive Director
and Chief Executive Officer exercised 40,843 Restricted Share Awards ("RSS
awards") granted as nil-cost options over the Company's common shares of
US$0.50 each. These RSS awards were granted under the LHL Restricted Share
Scheme Bonus Deferral Plan.
Mr. Maloney sold 19,259 of the resulting shares at the price shown below to
cover the tax, national insurance and fees arising as a result of the exercise
and retained the balance of 21,584 shares. The exercise was satisfied using
existing shares in issue held by the Lancashire Holdings Limited Employee
Benefit Trust.
Following this transaction, Mr. Maloney has an interest in the Company of
679,308 common shares (which includes 155,722 shares held via a connected
person), representing 0.3364%.
Additionally, Mr. Maloney also holds the following interests in the Company:
Restricted Share Scheme (Performance Awards) - 909,343
(Pursuant to the Rules of the LHL Restricted Share Scheme, the number of
shares that will actually vest depends on the satisfaction of certain
conditions including employment, performance and time conditions).
Restricted Share Scheme (Deferred Bonus Awards) - 40,433
(Vesting is subject to time and employment conditions only).
The notification made in accordance with Article 19 of Regulation (EU) No 596/
2014 of the European Parliament and of the Council of 16 April 2014 on market
abuse (Market Abuse Regulation) is set out below:
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Alex Maloney
2 Reason for the notification
a) Position/status Executive Director and Group Chief Executive Officer
b) Initial notification/ Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Lancashire Holdings Limited
b) LEI 5493002UNUYXLHOWF752
4(i) Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the Common Shares of US$0.50 each
financial instrument,
type of instrument ISIN: BMG5361W1047
Identification code
b) Nature of the i. Acquisition of shares on exercise of 40,843 Restricted Share Awards ("RSS
transaction awards") granted as nil-cost options over common shares of US$0.50 each.
These RSS awards were granted under the LHL Restricted Share Scheme Bonus
Deferral Plan.
c) Price(s) and volume Price(s) Volume(s)
(s)
nil 40,843 shares acquired on exercise of RSS awards
d) Aggregated
information 40,843
Nil
e) Date of the 2019-08-02
transaction
f) Place of the (XLON) London Stock Exchange - Regulated Market
transaction
4(ii) Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the Common Shares of US$0.50 each
financial instrument,
type of instrument ISIN: BMG5361W1047
Identification code
b) Nature of the i. Sale of 19,259 shares to cover tax liabilities and fees on exercise of
transaction 40,843 Restricted Share Awards ("RSS awards") granted as nil-cost options
over common shares of US$0.50 each
c) Price(s) and volume Price(s) Volume(s)
(s)
GBP7.03 19,259 shares sold to cover tax liabilities
d) Aggregated
information 19,259
GBP 135,390.77
e) Date of the 2019-08-02
transaction
f) Place of the (XLON) London Stock Exchange - Regulated Market
transaction
Name of authorised official of issuer for making notification
Christopher Head +44 20 7264 4145
Company Secretary chris.head@lancashiregroup.com
6 August 2019
END
(END) Dow Jones Newswires
August 06, 2019 11:50 ET (15:50 GMT)
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