Correction : Director/PDMR Shareholding
The warrant holdings of the Crestview entities omitted from the orignal
notification of Director/PDMR Shareholding released on 09 June 2010 are
included in the corrected notification attached.
Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons
1. Name of the issuer 2. State whether the notification
related to (i) a transaction
Lancashire Holdings Limited notified in accordance with DTR
3.1.2 R, (ii) a disclosure made
(the "Company") in accordance with LR 9.8.6R(1)
or (iii) a disclosure made in
accordance with section 793 of
the Companies Act (2006)
(i) a transaction notified in
accordance with DTR 3.1.2 R, (ii)
a disclosure made in accordance
with LR 9.8.6R(1)
3. Name of the person discharging 4. State whether notification
managerial responsibilities/ relates to a person connected
director with a person discharging
managerial responsibilities/
Barry Volpert director named in 3 and identify
connected person
Crestview, L.L.C.
5. Indicate whether the notification 6. Description of shares (including
is in respect of a holding of the class), debentures or derivatives
person referred to in 3 or 4 or financial instruments relating
above or in respect of a to shares
non-beneficial interest
Common shares of US$0.50 each
Connected Person referred to at 4
above
7. Name of registered shareholder(s) 8. State the nature of the
and, if more than one, the number transaction
of shares held by each of them
Sale of 400,000 common shares of
Crestview Partners LP - 5,430,313 US$0.50 each
Crestview Offshore Holdings
(Cayman) LP - 1,453,427
Crestview Partners (PF) LP -
963,890
Crestview Partners (ERISA) LP -
447,727
Crestview Holdings (TE) LP -
383,764
9. Number of shares, debentures or 10. Percentage of issued class
financial instruments relating to acquired (treasury shares of the
shares acquired class should not be taken into
account when calculating
N/A percentage)
N/A
11. Number of shares, debentures or 12. Percentage of issued class
financial instruments relating to disposed (treasury shares of the
shares disposed class should not be taken into
account when calculating
Crestview Partners LP - 250,271 percentage)
Crestview Offshore Holdings 0.26%
(Cayman) LP - 66,985
Crestview Partners (PF) LP -
44,423
Crestview Partners (ERISA) LP -
20,635
Crestview Holdings (TE) LP -
17,686
13. Price per share or value of 14. Date and place of transaction
transaction
03 June 2010 - London England
03 June 2010 - £4.8158 per share
04 June 2010 - London England
04 June 2010 - £4.7726 per share
15. Total holding following 16. Date issuer informed of
notification and total percentage transactions
holding following notification
(any treasury shares should not 08 June 2010
be taken into account when
calculating percentage)
Crestview Partners LP - 5,180,042
common shares; 740,301 Founder
warrants (3.74%)
Crestview Offshore Holdings
(Cayman) LP - 1,386,442 common
shares; 198,109 Founder warrants
(1.00%)
Crestview Partners (PF) LP -
919,467 common shares; 131,408
Founder warrants (0.66%)
Crestview Partners (ERISA) LP -
427,092 common shares ; 61,002
Founder warrants (0.31%)
Crestview Holdings (TE) LP -
366,078 common shares; 52,360
Founder warrants (0.26%)
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
N/A
N/A
19. Total amount paid (if any) for 20. Description of shares or
grant of the option debentures involved (class and
number)
N/A
N/A
21. Exercise price (if fixed at time 22. Total number of shares or
of grant) or indication that debentures over which options
price is to be fixed at the time held following notification
of exercise
N/A
N/A
23. Any additional information 24. Name of contact and telephone
number for queries
The total number of common shares
in issue with voting rights Greg Lunn +1 441 278 8953
(excluding shares held in
treasury) used for the above
calculations is 158,179,983
Name of authorised official if issuer making notification
Greg Lunn
Company Secretary
10 June 2010