Director/PDMR Shareholding

6 Jun 2007 13:07

Omega Insurance Holdings Limited06 June 2007 6 June 2007 OMEGA INSURANCE HOLDINGS LIMITED (THE "COMPANY") GRANT OF OPTIONS TO DIRECTOR The following executive Director of the Company disclosed to the Company on 5June 2007 that she was granted a nil cost option under the Omega InsuranceHoldings Limited Long Term Incentive Plan over the Company's common shares ofUS$0.10 each on 1 June 2007 as follows: Name of Number of share Exercise Total number of share options heldexecutive options granted price following this notificationDirector Penny James 500,000 Nil 500,000 Subject to certain performance conditions being met, the options will vest on asliding scale basis over a period of between three and five years from the dateof grant and may not be exercised later than the tenth anniversary of the dateof grant. Such options that do not vest due to the performance conditions notbeing met will lapse. Enquiries: Malcolm Mitchell, Company Secretary Tel: +1 441 299 4984 Jeremy Gorman, Assistant Company Secretary Tel: +44 (0)20 7935 0027 This information is provided by RNS The company news service from the London Stock Exchange