11 Mar 2008 10:45
Catlin Group Limited11 March 2008 Catlin Group Limited 11 March 2008 DIRECTORS' AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES' SHAREHOLDINGS It is announced that awards of allocations and/or options over Catlin GroupLimited's (the "Company") common shares of $0.01 each ("Common Shares") weremade on 7 March 2008 pursuant to the Company's Performance Share Plan asfollows: Name Status Number of shares covered by award Stephen Catlin Director 243,598 Christopher Stooke Director 149,906 Richard Banas Person discharging managerial 141,628 responsibilities Paul Brand Person discharging managerial 187,383 responsibilities Paul Jardine Person discharging managerial 149,906 responsibilities Preben Prebensen Person discharging managerial 168,219 responsibilities Up to 50% of each award will vest in each of 2011 and 2012, but only to theextent that the performance conditions set forth in the Performance Share Planare achieved. No consideration was payable upon grant of the awards or will be payable uponthe exercise of any vested options or upon the vesting of any allocations. The Company also received notice yesterday that on 7 March 2008 the trustees ofthe Catlin Group Employee Benefit Trust ("EBT") acquired in London 742,448Common Shares at an average price of £4.00 per share. The shares represent 0.29%of the Company's issued share capital. The EBT is a trust for the benefit of employees of the Company and itssubsidiaries ("Group"). Each of the directors and persons discharging managerial responsibilitiesdetailed above has an interest in the Common Shares acquired as potentialbeneficiaries under the EBT in respect of their participation in Group shareschemes, including but not limited to the awards referred to above. This announcement is made in accordance with Disclosure Rule 3.1.4 R (1)(a). This information is provided by RNS The company news service from the London Stock Exchange