Dealings by the Trustees of t

RNS Number : 6836B

Catlin Group Limited

30 October 2009

 



Catlin Group Limited

30 October 2009

Dealings by the Trustees of the Catlin Group Employee Benefit Trust (the "EBT")

Catlin Group Limited ("Company") received notice today that the Trustees of the EBT have acquired in London 479,000 common shares of $0.01 each in the capital of the Company as detailed below ("Shares"):

Number of Shares purchased	Average price paid per Share	Date of Purchase
188,000	£3.489	2 October 2009
291,000	£3.543	8 October 2009

The Shares represent 0.13% of the Company's issued share capital.

The EBT is a trust for the benefit of employees of the Company and its subsidiaries ("Group").

The executive directors and executive persons discharging managerial responsibilities of the Company listed below have a contingent beneficial interest in the EBT Shares arising from their participation in the Company's Performance Share Plan ("PSP"). Their interest in EBT Shares will vest to the same extent as underlying PSP awards. EBT Shares that do not vest will revert to the Company.

Depending on the level of vesting, the following directors and persons discharging managerial responsibilities have a beneficial interest in the EBT Shares in up to the following amounts:

Name	Status	Number of Shares
Stephen Catlin	Director	24,214
Richard Banas	Person discharging managerial responsibilities	14,391
Paul Brand	Person discharging managerial responsibilities	18,412
Paul Jardine	Person discharging managerial responsibilities	15,219
Andrew McMellin	Person discharging managerial responsibilities	6,614

This notification is made in accordance with Rule 3.1.4R (1) (a) of the Disclosure and Transparency Rules.

 

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