Lancashire Hld Ltd Director/PDMR Shareholding

 
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 29 March 2017, Alex Maloney, Executive Director 
and Chief Executive Officer exercised 126,329 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 83,801 were granted as Long Term Incentive 
Awards and 42,528 were granted as Deferred Annual Bonus Awards. 
 
Mr. Maloney sold 59,539 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 66,790 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 
580,302 common shares (which includes 100,000 held via a connected person), 
representing 0.2903%. 
 
Additionally, Mr. Maloney also holds the following interests in the Company: 
 
 Long Term Incentive Awards - 750,128 
 
(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). 
 
Deferred Annual Bonus Awards- 104,674 
 
(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 126,329 Restricted Share Awards ("RSS 
       transaction               awards") granted as nil-cost options over common shares of US$0.50 each, of 
                                 which 83,801 were granted as Long Term Incentive Awards and 42,528 were 
                                 granted as Deferred Annual Bonus Awards 
 
c)     Price(s) and volume   Price(s)     Volume(s) 
       (s) 
                              nil         126,329 shares acquired on exercise of RSS awards 
 
d)     Aggregated 
       information           126,329 
                             Nil 
 
e)     Date of the            2017-03-29 
       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 59,539  shares to cover tax liabilities and fees on exercise of 
       transaction               126,329 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) 
                              GBP6.7235       59,539 shares sold to cover tax liabilities 
 
d)     Aggregated 
       information           59,539 
                             GBP400,310.47 
 
e)     Date of the            2017-03-29 
       transaction 
 
f)     Place of the           (XLON) London Stock Exchange - Regulated Market 
       transaction 
 
Name of authorised official of issuer for making notification 
 
Christopher Head     [phone] 
Company Secretary    [e-mail] 
03 April 2017 
 
 
 
END 
 

(END) Dow Jones Newswires

April 03, 2017 13:20 ET (17:20 GMT)