Director/PDMR Shareholding

RNS Number : 1567P

Catlin Group Limited

19 March 2009

 



Catlin Group Limited

19 March 2009

CATLIN GROUP LIMITED (the 'Company')

DIRECTORS' AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES' SHAREHOLDINGS

On 18 March 2009, the Company was notified that, pursuant to the anti dilution provisions of the rules of the Company's US Employee Stock Purchase Plan ('ESPP'), adjustments have been made to options outstanding thereunder to take account of the variation of the Company's share capital arising from the rights issue announced on 12 February 2009 ('Rights Issue').

The adjustments operate to mitigate the dilution from the Rights Issue that would otherwise occur. The adjustment to the ESPP options held by Richard Banas, being a person discharging managerial responsibility in the Company is set out below.

Director/PDMR	Number of shares subject to ESPP award before adjustment	Number of shares subject to ESPP award following adjustment	Exercise Price prior to adjustment	Exercise Price following adjustment
Richard Banas	3,547	4,060	£3.04	£2.66

Date and Place of Transaction:

18 March 2009, Atlanta, USA

This announcement is made in accordance with Disclosure and Transparency Rule 3.1.4.R(1)(a

 

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