LRE Lancashire Holdings Limited

 
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 19 February 2020, Elaine Whelan, Executive 
Director and Group Chief Financial Officer, exercised 18,599 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. 
 
Elaine Whelan sold 728 of the resulting shares at the price shown below to 
cover the tax and fees arising as a result of the exercise and retained the 
balance of 17,871 shares. The exercise was satisfied using existing shares in 
issue held by the Lancashire Holdings Limited Employee Benefit Trust. 
 
Following this transaction, Elaine Whelan has an interest in the Company of 
671,977 common shares (which includes 11,590 common shares held via a connected 
person), representing 0.3311%. 
 
Additionally, Elaine Whelan also holds the following interests in the Company: 
 
Restricted Share Scheme (Performance Awards) - 572,382 
 
(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) - 9,615 
 
(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                  Elaine Whelan 
 
2      Reason for the notification 
 
a)     Position/status       Executive Director and Group Chief Financial 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 18,599 RSS awards granted as nil-cost 
       transaction               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          18,599 shares acquired on exercise of RSS awards 
 
d)     Aggregated 
       information           18,599 
                             nil 
 
e)     Date of the            2020-02-19 
       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 728 shares to cover tax and fees on exercise of 18,599 RSS awards 
       transaction               granted as nil-cost options over common shares of US$0.50 each 
 
c)     Price(s) and volume   Price(s)                               Volume(s) 
       (s) 
                             GBP7.985                                 728 shares 
 
d)     Aggregated 
       information           728 
                             GBP5,813.08 
 
e)     Date of the            2020-02-19 
       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 
21 February 2020 
 
 
 
END 
 

(END) Dow Jones Newswires

February 21, 2020 13:22 ET (18:22 GMT)

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