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1 Mar 2011 07:00
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Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
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1. Β | Name of the issuer Β Β Β Β Β Β Lancashire Holdings Limited (the "Company") | 2. | State whether the notification related to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006) Β (i) a transaction notified in accordance with DTR 3.1.2 R Β |
3. Β | Name of the person discharging managerial responsibilities/director Β Β Β Robert Spass (Non-Executive Director) | 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify connected person Β N/A Β |
5. Β | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest Β Person referred to at 3 above. Β | 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares Β Β Common shares of US$0.50 each Β |
7. Β | Name of registered shareholder(s) and, if more than one, the number of shares held by each of them Β Robert Spass Β | 8. | State the nature of the transaction Β Cashless exercise of 465,000 founder warrants on 23 February 2011 (with exercise price of $5.00 per share) resulting in acquisition of 227,052 shares, of which 152,000 were sold Β |
9. Β | Number of shares, debentures or financial instruments relating to shares acquired Β 227,052 Β | 10. | Percentage of issued class acquired (treasury shares of the class should not be taken into account when calculating percentage) Β 0.1480% |
11. Β | Number of shares, debentures or financial instruments relating to shares disposed Β Β 152,000 Β | 12. | Percentage of issued class disposed (treasury shares of the class should not be taken into account when calculating percentage) Β 0.0991% Β |
13. Β | Price per share or value of transaction Β Β $9.52 per share Β | 14. | Date and place of transaction Β 25 February 2011 - London, England Β |
15. Β | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) Β 75,052 (0.0489%) Β | 16. | Date issuer informed of transactions Β Β 25 February 2011 Β Β |
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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 Β Β Β Β |
19. | Total amount paid (if any) for grant of the option Β Β Β | 20. | Description of shares or debentures involved (class and number) Β Β Β Β |
21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise Β Β Β Β | 22. | Total number of shares or debentures over which options held following notification |
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23. | Any additional information Β In addition to the securities noted in question 15 above, Robert Spass also holds the following interests in the Company: Β Founder warrants - 1,084,135 Β | 24. | Name of contact and telephone number for queries Β Β Christopher Head + 44 (0) 207 264 4145 Β |
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Name of authorised official if issuer making notification Β Christopher Head Assistant Company Secretary 28 February 2011 Β |
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