Director/PDMR Shareholding

    RNS Number : 9578G
  Highway Insurance Group PLC
  29 October 2008
   
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
 
 1.                                 Name of theissuer
                                    HIGHWAY INSURANCE
                                            GROUP PLC
                                                     
 2.                                 State whether the
                                 notification relates
                                            to: (i) a
                                 transaction notified
                                        in accordance
                                 withDTR3.1.4R(1)(a);
                                  or (ii)DTR3.1.4 (R)
                                  (1)(c) a disclosure
                                   made in accordance
                                  with section 793 of
                                    the Companies Act
                                    2006 NOTIFICATION
                                       RELATES TO (i)
                                                     
 3.                                     Name ofperson
                                          discharging
                                           managerial
                                    responsibilities/
                                  director PAUL NIGEL
                                      COSH (EXECUTIVE
                                 DIRECTOR)CHRISTOPHER
                                           DEREK HILL
                                           (EXECUTIVE
                                      DIRECTOR)ARTHUR
                                    MILTON (EXECUTIVE
                                  DIRECTOR)PETER JOHN
                                            GALLAGHER
                                 (PDMR)RICHARD KELSEY
                                               (PDMR)
                                          PHILIP JOHN
                                            LAMPSHIRE
                                 (PDMR)MICHAEL STUART
                                   LAWRENCE (PDMR)IAN
                                        MEYER (PDMR) 
 4.                                     State whether
                                 notification relates
                                  to apersonconnected
                                                 with
                                   apersondischarging
                                           managerial
                                    responsibilities/
                                   directornamed in 3
                                         and identify
                                 theconnected person.
                                                  N/A
                                                     
 5.                              Indicate whether the
                                   notification is in
                                 respect of a holding
                                 of thepersonreferred
                                   to in 3 or 4 above
                                   or in respect of a
                                       non-beneficial
                                 interest. HOLDING OF
                                   PERSONS NAMED IN 3
                                                ABOVE
                                                     
 6.                                       Description
                                            ofshares(
                                     includingclass),
                                        debentures or
                                       derivatives or
                                            financial
                                 instruments relating
                                   toshares. ORDINARY
                                  SHARES OF 20P EACH.
                                                     
 7.                                Name of registered
                                  shareholder(s) and,
                                    if more than one,
                                           the number
                                 ofsharesheld by each
                                 of them. SEE 9 BELOW
                                                     
 8.                               State the nature of
                                     the transaction.
                                 ACQUISITION AND SALE
                                  OF SHARES THAT HAVE
                                     VESTED UNDER THE
                                         HIGHWAY 2005
                                    PERFORMANCE SHARE
                                   PLAN FOLLOWING THE
                                 OFFER FROM LIVERPOOL
                                   VICTORIA INSURANCE
                                 COMPANY LIMITED (SEE
                                           BELOW)    
                                                     
 9.                                  Number ofshares,
                                        debentures or
                                            financial
                                 instruments relating
                                    tosharesacquired.
                                    PAUL NIGEL COSH :
                                   270,738CHRISTOPHER
                                          DEREK HILL:
                                        302,018ARTHUR
                                 MILTON: 161,883PETER
                                      JOHN GALLAGHER:
                                        72,604RICHARD
                                 KELSEY: 61,169PHILIP
                                      JOHN LAMPSHIRE:
                                 49,050MICHAEL STUART
                                  LAWRENCE: 40,895IAN
                                        MEYER: 51,469
                                                     
 10.                                    Percentage of
                                  issuedclassacquired
                                   (treasury sharesof
                                  thatclassshould not
                                        be taken into
                                         account when
                                          calculating
                                   percentage). 0.48%
                                                     
 11.                                 Number ofshares,
                                        debentures or
                                            financial
                                 instruments relating
                                    tosharesdisposed.
                                    PAUL NIGEL COSH :
                                   270,738CHRISTOPHER
                                          DEREK HILL:
                                        302,018ARTHUR
                                 MILTON: 161,883PETER
                                      JOHN GALLAGHER:
                                        72,604RICHARD
                                       KELSEY: 61,169
                                          PHILIP JOHN
                                           LAMPSHIRE:
                                 49,050MICHAEL STUART
                                  LAWRENCE: 40,895IAN
                                       MEYER: 51,469 
 12.                                    Percentage of
                                  issuedclassdisposed
                                   (treasury sharesof
                                  thatclassshould not
                                        be taken into
                                         account when
                                          calculating
                                   percentage). 0.48%
                                                     
 13.                                 Price pershareor
                                             value of
                                         transaction.
                                    ACQUISITION COST:
                                      NIL SALE PRICE:
                                      73.35 PENCE PER
                                                SHARE
                                                     
 14.                                Date and place of
                                      transaction. 27
                                 OCTOBER 2008. AWARDS
                                       OVER THE ABOVE
                                    SHARES VESTED AND
                                 SUCH SHARES ACQUIRED
                                      ON VESTING WERE
                                          ACQUIRED BY
                                   LIVERPOOL VICTORIA
                                    INSURANCE COMPANY
                                    LIMITED (LVIC) IN
                                  ACCORDANCE WITH THE
                                         TERMS OF ITS
                                     RECOMMENDED CASH
                                    OFFER FOR HIGHWAY
                                  INSURANCE GROUP PLC
                                   (AS SET OUT IN THE
                                       OFFER DOCUMENT
                                    POSTED TO HIGHWAY
                                   SHAREHOLDERS ON 12
                                 SEPTEMBER 2008). THE
                                  OFFER BECAME WHOLLY
                                   UNCONDITIONAL ON 9
                                        OCTOBER 2008.
                                                     
 15.                                    Total holding
                                            following
                                     notification and
                                     total percentage
                                    holding following
                                         notification
                                         (anytreasury
                                  sharesshould not be
                                   taken into account
                                     when calculating
                                     percentage). NIL
                                                     
 16.                             Date issuer informed
                                   of transaction. 28
                                         OCTOBER 2008
                                                     
 If aperson discharging managerial
 responsibilitieshas been granted options by
 theissuercomplete the following boxes.
                                                     
 17.                                   Date of grant.
                                                     
 18.                              Period during which
                                  or date on which it
                                    can be exercised.
                                                     
 19.                                Total amount paid
                                   (if any) for grant
                                       of the option.
                                                     
 20.                                      Description
                                           ofsharesor
                                  debentures involved
                                   (classand number).
                                                     
 21.                               Exercise price (if
                                     fixed at time of
                                 grant) or indication
                                  that price is to be
                                 fixed at the time of
                                            exercise.
                                                     
 22.                                     Total number
                                           ofsharesor
                                      debentures over
                                   which options held
                                            following
                                        notification.
                                                     
 23.                                   Any additional
                                         information.
                                                     
 24.                              Name of contact and
                                 telephone number for
                                      queries. PHILIP
                                 LAMPSHIRETel : 01277
                                               266308
                                                     
 Name and signature of duly authorised officer
 ofissuerresponsible for making notification. PHILIP
 LAMPSHIRECOMPANY SECRETARY
                                                     
 Date of Notification29 OCTOBER 2008
 
 
 
 
 
 
 
 
 

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