Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons
1. Name of the issuer 2. State whether the notification related
to (i) a transaction notified in
accordance with DTR 3.1.2 R, (ii) a
disclosure made in accordance with LR
Lancashire Holdings Limited 9.8.6R(1) or (iii) a disclosure made
in accordance with section 793 of the
Companies Act (2006)
(i) a transaction notified in
accordance with DTR 3.1.2 R
3. Name of the person discharging 4. State whether notification relates to
managerial responsibilities/ a person connected with a person
director discharging managerial
responsibilities/director named in 3
and identify connected person
Alex Maloney (Executive Director
and Group CEO)
N/A
Elaine Whelan (Executive
Director and Group Chief
Financial Officer)
5. Indicate whether the 6. Description of shares (including
notification is in respect of a class), debentures or derivatives or
holding of the person referred financial instruments relating to
to in 3 or 4 above or in respect shares
of a non-beneficial interest
Persons referred to at 3 above.
Lancashire Holdings Limited Restricted
Share Scheme
7. Name of registered shareholder 8. State the nature of the transaction
(s) and, if more than one, the
number of shares held by each of
them
Restricted Share Awards granted as
nil-cost options over common shares of
US$0.50 each under the Lancashire
(1) Alex Maloney Holdings Limited Restricted Share
Scheme
(2) Elaine Whelan
9. Number of shares, debentures or 10. Percentage of issued class acquired
financial instruments relating (treasury shares of the class should
to shares acquired not be taken into account when
calculating percentage)
Alex Maloney - 244,208 RSS
Awards (1) Alex Maloney - 0.1288%
Elaine Whelan - 168,149 RSS (2) Elaine Whelan - 0.0887%
Awards
11. Number of shares, debentures or 12. Percentage of issued class disposed
financial instruments relating (treasury shares of the class should
to shares disposed not be taken into account when
calculating percentage)
N/A
N/A
13. Price per share or value of 14. Date and place of transaction
transaction
12 February 2015
£NIL
15. Total holding following 16. Date issuer informed of transaction
notification and total
percentage holding following
notification (any treasury
shares should not be taken into
account when calculating
percentage) 20 February 2015
(1) Alex Maloney (Executive
Director) - 321,841 (includes
100,000 via connected person)
(0.1698%)
(2) Elaine Whelan (Executive
Director) - 233,820 (includes
2,600 via connected person)
(0.1234%)
If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes
17. Date of grant 18. Period during which or date on which
exercisable
In accordance with the amended Restricted Share
12 February 2015 Scheme adopted by the Board on 12 February
2014, in the normal course of events these
awards will vest in 2018 to the extent that the
Performance Conditions (measured over a three
year performance period ending 31 December
2017) have been satisfied and provided the
Award holder remains employed by a Group Member
on the date of vesting.
19. Total amount paid (if 20. Description of shares or debentures involved
any) for grant of the (class and number)
option
Restricted Share Awards granted over common
Nil shares of US$0.50 each under the Restricted
Share Scheme
(1) Alex Maloney - 244,208
(2) Elaine Whelan - 168,149
21. Exercise price (if 22. Total number of shares or debentures over
fixed at time of grant) which options held following notification
or indication that
price is to be fixed at
the time of exercise
Total number of Restricted Share Awards granted
under the Restricted Share Scheme* and held
following notification:
Nil
(1) Alex Maloney - 594,093
(2) Elaine Whelan - 424,018
*Pursuant to the Rules of the Restricted Share
Scheme, the number of shares that will actually
vest depends on the satisfaction of certain
conditions including employment, performance
and time conditions.
Total number of Restricted Share Awards
granted under the Restricted Share Scheme
Awards Bonus Deferral Plan** and held following
the notification:
(1) Alex Maloney - 45,610
(2) Elaine Whelan - 39,195
** (subject to time and employment conditions
only)
23. Any additional 24. Name of contact and telephone number for
information queries
Christopher Head +44 (0)20 7264 4145
Name of authorised official if issuer for making notification
Christopher Head
Company Secretary
20 February 2015© 2015 PR Newswire
