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12 Feb 2014 12:12
12 February 2014
Catlin Group Limited
DIRECTORS' AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES' SHAREHOLDINGS
It is announced that allocations of and/or options over Catlin Group Limited's (the "Company") common shares of $0.01 each ("Common Shares") were granted on 10 February 2014 pursuant to the Company's Performance Share Plan ("PSP") as follows:
Name | Status | Number of Common Shares Covered by Award
|
Stephen Catlin | Director | 376,875
|
Benjamin Meuli | Director | 234,416
|
Richard Banas | Person discharging managerial responsibilities
| 88,708 |
Paul Brand | Person discharging managerial responsibilities
| 290,401 |
Paul Jardine | Person discharging managerial responsibilities
| 178,125 |
Andrew McMellin | Person discharging managerial responsibilities
| 163,267 |
Joanne Mier | Person discharging managerial responsibilities
| 115,178 |
Adrian Spieler | Person discharging managerial responsibilities
| 123,393 |
Up to 50% of each award will be eligible to vest in each of 2017 and 2018, but only to the extent that the performance conditions set forth in the PSP are achieved.
No consideration was payable upon grant of the awards or will be payable upon the exercise and/or vesting of any of the awards.
It is also announced that the following acquisitions and sales of Common Shares occurred upon the exercise and/or vesting of nil cost PSP awards on 10 and 11 February 2014:
Name | Status | Number of Common Shares Acquired
| Number of Common Shares Disposed |
Richard Banas | Person discharging managerial responsibilities | 123,115 | n/a |
As a result of the vesting of his PSP award, Mr Banas will receive an additional 34,222 Common Shares representing dividend equivalents on 19 February 2014. His total holding at that date will be 497,599 Common Shares.
| |||
Paul Brand | Person discharging managerial responsibilities | 129,514 | 50,992 at 556p per Common Share 78,522 at 557p per Common Share
|
As a result of exercising his PSP options, Mr Brand will receive an additional 35,930 Common Shares representing dividend equivalents on 19 February 2014. His total holding at that date will be 1,232,246 Common Shares.
| |||
Andrew McMellin | Person discharging managerial responsibilities | 96,123 | 17,850 at 562p per Common Share 27,473 at 550p per Common Share |
As a result of exercising his PSP options, Mr McMellin will receive an additional 26,666 Common Shares representing dividend equivalents on 19 February 2014. His total holding at that date will be 374,717 Common Shares.
| |||
Joanne Mier | Person discharging managerial responsibilities | 18,768 | n/a |
As a result of the vesting of her PSP award, Ms Mier will receive an additional 5,026 Common Shares representing dividend equivalents on 19 February 2014. Her total holding at that date will be 57,252 Common Shares. | |||
The above awards were satisfied by shares from the Catlin Group Limited Employee Benefit Trust.
This announcement is made in accordance with Disclosure and Transparency Rule 3.1.4 R (1)(a).
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