All Employee Share Incentive Plan (4171V)

TIDMHDU

RNS Number : 4171V

Hardy Underwriting Bermuda Ld

11 January 2012

 
 Date:           11 January 2012 
 On behalf of:   Hardy Underwriting Bermuda Limited ("Hardy" 
                  or "the Company") 
                 For immediate release 
 
 

Hardy Underwriting Group All Employee Share Incentive Plan

Hardy Underwriting Bermuda Limited announces that it was advised on the 11th January 2012 that the Trustees of the Hardy Underwriting Share Incentive Plan (the "Plan"), purchased the following Hardy Underwriting Bermuda Limited Common shares of 20p each:

On 6(th) January 2012 - 48,213 Hardy Underwriting Bermuda Limited Common Shares of 20p each at GBP2.05 per share in respect of the Free share allocation under the terms of the Plan.

On 10(th) January 2012 - 15,384 Hardy Underwriting Bermuda Limited Common Shares of 20p each at GBP1.94 per share in respect of the December allocation under the terms of the Plan. Of these shares 5,128 were acquired as Partnership Shares (paid for by participating employees), and 10,256 shares were bought by the Company as Matching Shares.

The registered holder of all shares is Lloyds TSB Corporate Nominees Limited designation AESOP 1.

The following directors and Persons Discharging Managerial Responsibility (PDMR's) are beneficial owners of the following shares (subject to the terms and conditions of the Plan Trust Deed and Rules):

 
 Director /PDMR*    Allotted   Total holding following       Total % holding 
                                     notification         following notification 
-----------------  ---------  ------------------------  ------------------------ 
                                 173,303 Common 20p 
 P.J. Gage*           682               shares                    0.35 
-----------------  ---------  ------------------------  ------------------------ 
                                 112,895 Common 20p 
 J. MacDiarmid        682               shares                    0.23 
-----------------  ---------  ------------------------  ------------------------ 
                                 563,370 Common 20p 
 B.J. Merry           682               shares                    1.12 
-----------------  ---------  ------------------------  ------------------------ 
 

Shareholdings above include Deferred Annual Bonus awards.

Enquiries to:

 
 Hardy Underwriting Bermuda Limited   Tel: [phone] 
 Jamie MacDiarmid Finance Director    Tel: [phone] 
 
 Redleaf Communications 
 Emma Kane                            Tel: [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSUASBRUWAAAAR