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22 Nov 2011 17:09
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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 Neil McConachie (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 Neil McConachie Β | 8. | State the nature of the transaction Β Sale of 40,000 shares Β Β Β |
9. Β | Number of shares, debentures or financial instruments relating to shares acquired Β N/A | 10. | Percentage of issued class acquired (treasury shares of the class should not be taken into account when calculating percentage) Β N/A Β |
11. Β | Number of shares, debentures or financial instruments relating to shares disposed Β Β 40,000 shares Β Β | 12. | Percentage of issued class disposed (treasury shares of the class should not be taken into account when calculating percentage) Β 0.0254% Β |
13. Β | Price per share or value of transaction Β Β 40,000 at Β£7.75 per share Β Β Β | 14. | Date and place of transaction Β 17 November 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 206,406 (0.1309%) | 16. | Date issuer informed of transactions Β Β 21 November 2011 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 |
19. | Total amount paid (if any) for grant of the option Β | 20. | Description of shares or debentures involved (class and number) Β |
21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise 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, Neil McConachie also holds the following interests in the Company: Β Restricted Share Scheme Awards Bonus Deferral Plan- 113,415 (subject to time and employment conditions only) Restricted Share Scheme Awards- 523,807* Long Term Incentive Plan - 50,000 Β *Pursuant to the Rules of the Restricted Share Scheme, the number of shares that will actually vest depends on the satisfaction of certain conditions including employment, performance and time conditions. *\* The sale of shares is part of Mr. McConachie's tax planning as publicly advised during the Company's Q3 2011 Earnings call held on 4 November 2011. Β | 24. | Name of contact and telephone number for queries Β Β Jonny Creagh-Coen + 44 (0) 207 264 4066 Β Β |
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Name of authorised official if issuer making notification Β Christopher Head Assistant Company Secretary 22 November 2011 Β |
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