PR Newswire
London, September 10
Please be advised that this announcement corrects the one made earlier today at 17:50hrs. In Section 13, thePrice per share or value of transaction should have read £6.89 not £6.289. All else remains unchanged.
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
| 1. | Name of the issuer Lancashire Holdings Limited | 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 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 managerial responsibilities/director Elaine Whelan (Executive Director and Group Chief Financial Officer ) | 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify connected person N/A |
| 5. | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest Persons referred to at 3 above | 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares Lancashire Holdings Limited ("LHL") Restricted Share Scheme Award and LHL Restricted Share Scheme Awards Bonus Deferral Plan |
| 7. | Name of registered shareholder(s) and, if more than one, the number of shares held by each of them Elaine Whelan | 8. | State the nature of the transaction Exercise of 54,977 Restricted Share Awards granted as nil-cost options over common shares of US$0.50 each, of which 36,793 were granted under the LHL Restricted Share Scheme and 18,184 were granted under the LHL Restricted Share Scheme Awards Bonus Deferral Plan and subsequent sale of 1,628 shares to cover tax liabilities |
| 9. | Number of shares, debentures or financial instruments relating to shares acquired 54,977 | 10. | Percentage of issued class acquired (treasury shares of the class should not be taken into account when calculating percentage) 0.0277% |
| 11. | Number of shares, debentures or financial instruments relating to shares disposed 1,628 | 12. | Percentage of issued class disposed (treasury shares of the class should not be taken into account when calculating percentage) 0.0008% |
| 13. | Price per share or value of transaction £6.89 per share | 14. | Date and place of transaction 09 September 2015 - London, England |
| 15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 287,169 common shares - Totalling 0.1449% (of which 2,600 shares belong to connected person Kilian Whelan) | 16. | Date issuer informed of transaction 10 September 2015 |
| 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 |
| 19. | Total amount paid (if any) for grant of the option | 20. | Description of shares or debentures involved (class and number) |
| 21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise | 22. | Total number of shares or debentures over which options held following notification |
| 23. | Any additional information In addition to the securities noted in question 15 above, Elaine Whelan also holds the following interests in the Company: Restricted Share Scheme Awards Bonus Deferral Plan - 50,551 (vesting is subject to time and employment conditions only) Restricted Share Scheme Awards- 387,225* *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. N.B: Elaine Whelan has sold only the number of shares required to cover tax liabilities and fees. She has retained the remainder of the resulting shares. | 24. | Name of contact and telephone number for queries Christopher Head + 44 (0) 207 264 4145 |
| Name of authorised official if issuer for making notification Christopher Head Company Secretary 10 September 2015 |
