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 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     [phone] 
Company Secretary    [e-mail] 
28 February 2020 
 
 
 
END 
 

(END) Dow Jones Newswires

February 28, 2020 12:44 ET (17:44 GMT)