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 15 February 2018, Alex Maloney, Executive 
Director and Chief Executive Officer exercised 105,403 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 54,947 were granted as Long Term Incentive 
Awards and 50,456 were granted as Deferred Annual Bonus Awards. 
 
Mr. Maloney sold 49,681 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 transferred the balance of 55,722 shares into the name of connected person 
Amanda Maloney. 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 
636,024 common shares (which includes 155,722 shares held via a connected 
person), representing 0.3159%. 
 
Additionally, Mr. Maloney also holds the following interests in the Company: 
 
Restricted Share Scheme (Performance Awards) - 505,920 
 
 (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) - 54,218 
 
(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 105,403 Restricted Share Awards ("RSS 
       transaction               awards") granted as nil-cost options over common shares of US$0.50 each, of 
                                 which 54,947 were granted as Long Term Incentive Awards and 50,456 were 
                                 granted as Deferred Annual Bonus Awards 
 
c)     Price(s) and volume   Price(s)     Volume(s) 
       (s) 
                              nil         105,403  shares acquired on exercise of RSS awards 
 
d)     Aggregated 
       information           105,403 
                             Nil 
 
e)     Date of the            2018-02-15 
       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 49,681  shares to cover tax liabilities and fees on exercise of 
       transaction               105,403  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) 
                              GBP6.07964        49,681 shares sold to cover tax liabilities 
 
d)     Aggregated 
       information           49,681 
                             GBP302,042.59 
 
e)     Date of the            2018-02-15 
       transaction 
 
f)     Place of the           (XLON) London Stock Exchange - Regulated Market 
       transaction 
 
4(iii) 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. Transfer of 55,722 shares to connected person Amanda Maloney 
       transaction 
 
c)     Price(s) and volume   Price(s)                                 Volume(s) 
       (s) 
                              Nil                                      55,722 
 
d)     Aggregated 
       information           55,722 
                             Nil 
 
e)     Date of the            2018-02-15 
       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] 
16 February 2018 
 
 
 
END 
 

(END) Dow Jones Newswires

February 16, 2018 13:29 ET (18:29 GMT)