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 13 September 2016, Alex Maloney, Executive 
Director and Chief Executive Officer exercised 128,610 Restricted Share Awards 
("RSS awards") granted as nil-cost options over the Company's common shares of 
US$0.50 each. Of these RSS awards 98,976 were granted under the LHL Restricted 
Share Scheme and 29,634 were granted under the LHL Restricted Share Scheme 
Bonus Deferral Plan. 
 
Mr. Maloney sold 60,614 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 67,996 shares. The exercise was satisfied using 
existing shares in issue held by the Lancashire Holdings Limited Employee 
Benefit Trust. 
 
Following this transaction, Alex Maloney has an interest in the Company of 
513,512 common shares (which includes 100,000 held via a connected person), 
representing 0.2574%. 
 
Additionally, Alex Maloney also holds the following interests in the Company: 
 
Restricted Share Scheme - Deferred Bonus Awards - 93,987 (vesting is subject to 
time and employment conditions only). 
 
Restricted Share Scheme Awards- 587,795 (Pursuant to the Rules of the 
Restricted Share Scheme, the number of shares that will actually vest depends 
on the satisfaction of certain conditions including employment, performance and 
time conditions). 
 
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      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)Exercise of 128,610 Restricted Share Awards ("RSS awards") granted as 
       transaction           nil-cost options over common shares of US$0.50 each, of which 98,976 were 
                             granted under the LHL Restricted Share Scheme and 29,634 were granted under the 
                             LHL Restricted Share Scheme Bonus Deferral Plan and (ii) subsequent sale of 
                             60,614 shares to cover tax liabilities and fees. 
 
c)     Price(s) and volume   Price(s)        Volume(s) 
       (s) 
                              nil            128,610 shares acquired on exercise of RSS awards 
 
                              GBP6.500673       60,614 shares sold to cover tax liabilities 
 
d)     Aggregated             N/A 
       information 
 
e)     Date of the            2016-09-13 
       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 
15 September 2016 
 
 
 
END 
 

(END) Dow Jones Newswires

September 15, 2016 12:42 ET (16:42 GMT)

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