Lancashire Hld Ltd Director/PDMR Shareholding
29 February 2020 - 4:44AM
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 27 February 2020, Alex Maloney, Executive
Director and Chief Executive Officer exercised 26,758 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 12,621 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 14,137 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
693,445 common shares (which includes 155,722 shares held via a connected
person), representing 0.3417%.
Additionally, Mr. Maloney also holds the following interests in the Company:
Restricted Share Scheme (Performance Awards) - 882,969
(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) - 64,001
(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 26,758 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 26,758 shares acquired on exercise of RSS awards
d) Aggregated
information 26,758
Nil
e) Date of the 2020-02-27
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 12,621 shares to cover tax liabilities and fees on exercise of
transaction 26,758 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)
GBP7.645 12,621 shares sold to cover tax liabilities
d) Aggregated
information 12,621
GBP 96,487.55
e) Date of the 2020-02-27
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
28 February 2020
END
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