25 Jun 2013 14:18
Notification of Transactions of (1) Persons Discharging Managerial Responsibility and (2) Persons closely associated with Persons Discharging Managerial Responsibility
This form is intended for use by an issuer making a notification required by Rules 7.2 and 7.3 of the Central Bank of Ireland's Market Abuse Rules in relation to a person falling within either of the above categories of individual. These categories are defined in Regulation 12 (8) of the Market Abuse (Directive 2003/6/EC) Regulations 2005 and are detailed as part of this form.
All relevant boxes should be completed in block capital letters.
1 | Name of the Issuer
The Governor & Company of the Bank of Ireland | 2 | Name of person discharging managerial responsibilities
Mr V. Prem Watsa. - Director
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3 | State whether notification relates to a person closely associated with a person discharging managerial responsibilities named in 2 and identify the connected person
RiverStone Managing Agency Limited RiverStone Insurance Limited (formerly Brit Insurance Limited)
| 4 | Indicate whether the notification is in respect of a holding of the person referred to in 2 or 3 above or in respect of a non-beneficial interest
Notification in relation to person named in 3 above |
5 | Description of shares or derivatives or other financial instruments linked to them
Ordinary Stock of €0.05 per unit | 6 | Name of registered shareholder(s) and, if more than one, number of shares or derivatives or other financial instruments linked to them, held by each shareholder
RiverStone Managing Agency Limited (Disposal) RiverStone Insurance Limited (formerly Brit Insurance Limited) (Acquisition)
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7 | State the nature of the transaction
Transfer - Disposal & Acquisition of Ordinary Stock
| 8 | Number of shares, derivatives or other financial instruments linked to them acquired
172,169,511 units of Ordinary Stock - Acquired by RiverStone Insurance Limited (formerly Brit Insurance Limited), as part of an internal transfer within the Fairfax group of companies |
9 | Number of shares, derivatives or other financial instruments linked to them disposed of
172,169,511 (Disposed of by RiverStone Managing Agency Limited, as part of an internal transfer within the Fairfax group of companies) | 10 | Price per share or derivative or other financial instrument linked to them or value of transaction
€0.141 per unit of Ordinary Stock |
11 | Date and place of transaction
24 June 2013, Canada
| 12 | Date issuer informed of transaction
24 June 2013 |
13 | Any additional information
None | 14 | Name of contact and telephone number for queries
Helen Nolan Group Secretary
Tele No: + 353 (0) 76 623 4710
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Name and signature of duly designated officer of issuer responsible for making notification
Helen Nolan, Group Secretary
Date of notification
25 June 2013 | |||
Information required under ISE Listing Rule 6.10
15 | Description of class of share
Ordinary Stock of €0.05 per unit | 16 | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.5713747%
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17 | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
0.5713747 %
| 18 | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
2,807,563,858 units of Ordinary Stock of €0.05 per unit 9.31739% of Ordinary Stock (No net change in holding resulting from the transaction)
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If a person discharging managerial responsibilities has been granted options by the issuer, please complete the following boxes:
19 | Date of grant N/A | 20 | Period during which or date on which it can be exercised N/A |
21 | Total amount paid (if any) for grant of the option N/A | 22 | Description of shares involved (class and number) N/A |
23 | Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise N/A | 24 | Total number of shares over which options are held following notification N/A |
Name and signature of duly designated officer of issuer responsible for making notification
Helen Nolan, Group Secretary
Date of notification
25 June 2013 |