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Last checked at 
1 Mar 2011 07:00
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
1.
| Name of the issuer
Lancashire Holdings Limited | 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)
Category (i)
|
3.
| Name of the person discharging managerial responsibilities/director
Greg Lunn (PDMR)
| 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify connected person
N/A
|
5.
| 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
Person referred to at 3 above.
| 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Lancashire Holdings Limited ordinary and performance warrants
|
7.
| Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
Greg Lunn | 8. | State the nature of the transaction
Cashless exercise of Lancashire Holdings Limited management ordinary and performance warrants
|
9.
| Number of shares, debentures or financial instruments relating to shares acquired
NIL | 10. | Percentage of issued class acquired (treasury shares of the class should not be taken into account when calculating percentage)
NIL
|
11.
| Number of shares, debentures or financial instruments relating to shares disposed
Exercise of 70,100 performance warrants and 79,429 ordinary warrants resulting in disposal of 78,500 common shares of par value US$0.50 per share.
| 12. | Percentage of issued class disposed (treasury shares of the class should not be taken into account when calculating percentage)
0.0512%
|
13.
| Price per share or value of transaction
£460,819.24 net of tax | 14. | Date and place of transaction
24 February 2011 London
|
15.
| Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Greg Lunn (PDMR) - disclosure not required.
| 16. | Date issuer informed of transaction
28 February 2011 |
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
|
19. | Total amount paid (if any) for grant of the option
Nil
| 20. | Description of shares or debentures involved (class and number)
|
21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
Nil
| 22. | Total number of shares or debentures over which options held following notification
Total number of Restricted Share Awards granted under the Restricted Share Scheme and held following notification:
Greg Lunn - 222,245
The actual number of shares to vest is dependent on the Rules of the Scheme including, inter alia, the satisfaction of applicable performance conditions.
Total number of options granted under the Long Term Incentive Plan and held following notification:
Greg Lunn - 37,500
Total number of time vesting ordinary warrants held following notification:
Greg Lunn - 238,288
Total number of performance warrants held following notification:
Greg Lunn - 13,373
|
23. | Any additional information
| 24. | Name of contact and telephone number for queries
Chris Head +44 207 264 4145
|
Name of authorised official if issuer for making notification
Chris Head Assistant Company Secretary 1 March 2011
|
Notes: This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
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