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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-5.00 | -0.80% | 619.00 | 617.00 | 618.00 | 625.00 | 609.00 | 609.00 | 613,642 | 16:35:26 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Fire, Marine, Casualty Ins | 577.2M | 321.5M | 1.3460 | 4.59 | 1.48B |
TIDMLRE Lancashire Holdings Limited (the "Company") or ("LHL") Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them The Company wishes to announce a correction in the announcement dated 23 February 2021 regarding the grant of Restricted Share Awards ("RSS awards") as nil-cost options over common shares of US$0.50 each under the LHL Restricted Share Scheme as both Long Term Incentive Performance RSS Awards and Deferred Annual Bonus RSS Awards to Natalie Kershaw, Executive Director and Group Chief Financial Officer. Ms. Kershaw was in fact granted 187,229 RSS awards as nil-cost options over the Company's common shares of US$0.50 each. Of these RSS awards 160,356 were granted as Long Term Incentive Performance RSS Awards* and 26,873 were granted as Deferred Annual Bonus RSS Awards**. * In accordance with the LHL Restricted Share Scheme rules, in the normal course of events the 2021 Long Term Incentive Performance RSS Awards will vest in 2024 to the extent that the Performance Conditions (measured over a three-year performance period ending 31 December 2023) have been satisfied and provided the Award holder remains employed by a Group Member on the date of vesting. ** In accordance with the LHL Restricted Share Scheme rules, exercise of the 2020 Deferred Annual Bonus RSS Awards may occur over the relevant vested awards at such point as the Award holder selects, up to the 10th anniversary of the date of grant. Subject to the vesting conditions, each Deferred Annual Bonus RSS Award will vest in three equal tranches. Vested awards may only be exercised in "open periods". It is anticipated that the first open period following the normal vesting date will commence in February 2022 in the case of the first tranche, in February 2023 in the case of the second tranche, and in February 2024 in the case of the third tranche. The notification below, made in accordance with the requirements of UK MAR, provides further detail: 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Natalie Kershaw 2 Reason for the notification a) Position/status Executive Director and Group Chief Financial Officer b) Initial notification/ Amendment 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 Nil-cost options over Common Shares of US$0.50 each financial instrument, type of instrument ISIN: BMG5361W1047 Identification code b) Nature of the Grant of 187,229 RSS awards granted as nil-cost options over common shares of transaction US$0.50 each, of which 160,356 were granted as Long Term Incentive Performance RSS Awards and 26,873 were granted as Deferred Annual Bonus RSS Awards c) Price(s) and volume Price(s) Volume(s) (s) Nil 160,356 Nil 26,873 d) Aggregated information NIL e) Date of the 2021-02-19 transaction f) Place of the Outside a trading venue transaction Name of authorised official of issuer for making notification Christopher Head +44 20 7264 4145 Company Secretary chris.head@lancashiregroup.com 5 March 2021 END
(END) Dow Jones Newswires
March 05, 2021 12:18 ET (17:18 GMT)
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