5 Apr 2007 15:19
Catlin Group Limited05 April 2007 Catlin Group Limited 5 April 2007 DIRECTORS' AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES' SHAREHOLDINGS This is to announce a change in shareholding by a "Connected Person" to JonathanKelly, a Non-Executive Director. Pursuant to the terms of a Warrant Instrument entered into by Catlin GroupLimited (the "Company") on 4 July 2002 (as amended), each of Capital Z CatlinInvestments, Ltd, Capital Z Catlin Private Investment, Ltd and Capital ZInvestments, LLC (together "CapitalZ") exercised warrants granted to themresulting in the issue today of 2,852,965 common shares of $0.01 each in thecapital of the Company ("Common Shares"). CapitalZ is a connected person toJonathan Kelly. The warrants have an exercise price of $5 per share and were exercised on a netof exercise price basis under the terms of the Warrant Instrument. The number ofCommon Shares issued to each CapitalZ entity as a result of the exercise of thewarrants is as follows: Name Number of Common Shares Number of Common subject to Warrants Shares issued Capital Z Catlin Investments, 3,302,460.1406 1,660,438LtdCapital Z Catlin Private 17,593.5305 8,845Investment, LtdCapital Z Investments, LLC 2,354,236.5591 1,183,682 This announcement is made in accordance with Disclosure Rule 3.1.4 R (1)(a). Following the issue of the new Common Shares, the Company's issued share capitalis 252,908,036 Common Shares. This information is provided by RNS The company news service from the London Stock Exchange