Last checked at 10 Jun 2010 07:00
The warrant holdings of the Crestview entities omitted from the orignal notification of Director/PDMR Shareholding released on 09 June 2010 are included in the corrected notification attached.
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
1. Name of the issuer 2. State whether the notification
related to (i) a transaction Lancashire Holdings Limited notified in accordance with DTR 3.1.2 R, (ii) a disclosure made (the "Company") 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, (ii) a disclosure made in accordance with LR 9.8.6R(1)
3. Name of the person discharging 4. State whether notification
managerial responsibilities/ relates to a person connected director with a person discharging managerial responsibilities/ Barry Volpert director named in 3 and identify connected person Crestview, L.L.C.
5. Indicate whether the notification 6. Description of shares (including
is in respect of a holding of the class), debentures or derivatives person referred to in 3 or 4 or financial instruments relating above or in respect of a to shares non-beneficial interest Common shares of US$0.50 each Connected Person referred to at 4 above
7. Name of registered shareholder(s) 8. State the nature of the
and, if more than one, the number transaction of shares held by each of them Sale of 400,000 common shares of Crestview Partners LP - 5,430,313 US$0.50 each Crestview Offshore Holdings (Cayman) LP - 1,453,427 Crestview Partners (PF) LP - 963,890 Crestview Partners (ERISA) LP - 447,727 Crestview Holdings (TE) LP - 383,764
9. Number of shares, debentures or 10. Percentage of issued class
financial instruments relating to acquired (treasury shares of the shares acquired class should not be taken into account when calculating N/A percentage) N/A
11. Number of shares, debentures or 12. Percentage of issued class
financial instruments relating to disposed (treasury shares of the shares disposed class should not be taken into account when calculating Crestview Partners LP - 250,271 percentage) Crestview Offshore Holdings 0.26% (Cayman) LP - 66,985 Crestview Partners (PF) LP - 44,423 Crestview Partners (ERISA) LP - 20,635 Crestview Holdings (TE) LP - 17,686
13. Price per share or value of 14. Date and place of transaction
transaction 03 June 2010 - London England 03 June 2010 - £4.8158 per share 04 June 2010 - London England 04 June 2010 - £4.7726 per share
15. Total holding following 16. Date issuer informed of
notification and total percentage transactions holding following notification (any treasury shares should not 08 June 2010 be taken into account when calculating percentage) Crestview Partners LP - 5,180,042 common shares; 740,301 Founder warrants (3.74%) Crestview Offshore Holdings (Cayman) LP - 1,386,442 common shares; 198,109 Founder warrants (1.00%) Crestview Partners (PF) LP - 919,467 common shares; 131,408 Founder warrants (0.66%) Crestview Partners (ERISA) LP - 427,092 common shares ; 61,002 Founder warrants (0.31%) Crestview Holdings (TE) LP - 366,078 common shares; 52,360 Founder warrants (0.26%)
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 N/A N/A
19. Total amount paid (if any) for 20. Description of shares or
grant of the option debentures involved (class and number) N/A N/A
21. Exercise price (if fixed at time 22. Total number of shares or
of grant) or indication that debentures over which options price is to be fixed at the time held following notification of exercise N/A N/A
23. Any additional information 24. Name of contact and telephone
number for queries The total number of common shares in issue with voting rights Greg Lunn +1 441 278 8953 (excluding shares held in treasury) used for the above calculations is 158,179,983
Name of authorised official if issuer making notification
Greg Lunn Company Secretary 10 June 2010
vendor