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LRE Lancashire Holdings Limited

619.00
-5.00 (-0.80%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Lancashire Hld Ltd Director/PDMR Shareholding

05/03/2021 5:18pm

UK Regulatory


 
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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