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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lancashire Holdings Limited | LSE:LRE | London | Ordinary Share | BMG5361W1047 | COM SHS USD0.50 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-4.00 | -0.71% | 563.00 | 563.00 | 565.00 | 567.00 | 559.00 | 559.00 | 31,417 | 11:01:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Fire, Marine, Casualty Ins | 449.1M | 321.5M | 1.3460 | 4.21 | 1.35B |
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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