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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
(1) Richard Brindle (Executive Director) (2) Neil McConachie (Executive Director) (3) Alex Maloney (Executive Director) (4) 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
Persons referred to at 3 above.
| 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares
Lancashire Holdings Limited Restricted Share Scheme |
7.
| Name of registered shareholder(s) and, if more than one, the number of shares held by each of them
(1) Richard Brindle (2) Neil McConachie (3) Alex Maloney (4) Greg Lunn
| 8. | State the nature of the transaction
Restricted Share Awards granted as nil-cost options over common shares of US$0.50 each under the Lancashire Holdings Limited Restricted Share Scheme
|
9.
| Number of shares, debentures or financial instruments relating to shares acquired
(1) Richard Brindle - 312,741 RSS Awards (2) Neil McConachie - 261,994 RSS Awards (3) Alex Maloney - 236,198 RSS Awards (4) Greg Lunn - 27,104 RSS Awards
| 10. | Percentage of issued class acquired (treasury shares of the class should not be taken into account when calculating percentage)
(1) Richard Brindle - 0.20380% (2) Neil McConachie - 0.17073% (3) Alex Maloney - 0.15392% (4) Greg Lunn - 0.01766%
|
11.
| Number of shares, debentures or financial instruments relating to shares disposed
N/A | 12. | Percentage of issued class disposed (treasury shares of the class should not be taken into account when calculating percentage)
N/A
|
13.
| Price per share or value of transaction
£NIL | 14. | Date and place of transaction
24 February 2011
|
15.
| Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
(1) Richard Brindle (Executive Director) - 368,800 (0.24%) (2) Neil McConachie (Executive Director) - 257,834 (0.17%) (3) Alex Maloney (Executive Director) - 73,613 (0.05%) (4) Greg Lunn (PDMR) - disclosure not required.
| 16. | Date issuer informed of transaction
24 February 2011 |
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
| |||
17. | Date of grant
24 February 2011 | 18. | Period during which or date on which exercisable
In accordance with the Restricted Share Scheme adopted by the shareholders on 4 January 2008, vesting will occur on a date after 31 December 2013 when and to the extent that the performance conditions have been met in accordance with the Rules of the Restricted Share Scheme.
|
19. | Total amount paid (if any) for grant of the option
Nil
| 20. | Description of shares or debentures involved (class and number)
Restricted Share Awards granted over common shares of US$0.50 each under the Restricted Share Scheme
(1) Richard Brindle - 312,741 (2) Neil McConachie - 261,994 (3) Alex Maloney - 236,198 (4) Greg Lunn - 27,104
|
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: (1) Richard Brindle - 1,465,590 (2) Neil McConachie - 660,501 (3) Alex Maloney - 478,125 (4) 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: (1) Richard Brindle - 37,500 (2) Neil McConachie - 50,000 (3) Alex Maloney - 137,500 (4) Greg Lunn - 37,500
Total number of time vesting warrants held following notification: (1) Richard Brindle - 7,625,217 (2) Neil McConachie - 520,869 (4) Greg Lunn - 317,717
Total number of performance warrants held following notification: (1) Richard Brindle - 741,964 (2) Neil McConachie - 185,490 (4) Greg Lunn - 83,471
Total number of Founder warrants held following notification:
Richard Brindle - 46,260
|
23. | Any additional information
| 24. | Name of contact and telephone number for queries
Christopher Head +44 (0)20 7264 4145
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Name of authorised official if issuer for making notification
Christopher Head Assistant Company Secretary 28 February 2011
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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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