Director/PDMR Shareholding

RNS Number : 3277P

Catlin Group Limited

23 March 2009

 



Catlin Group Limited

23 March 2009

CATLIN GROUP LIMITED (the 'Company')

DIRECTORS' AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES' SHAREHOLDINGS

On 23 March 2009, the Company was notified that, pursuant to the anti-dilution provisions of the rules of the Company's Savings-Related Share Option Plan ('SAYE'), 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 SAYE options held by Paul Jardine, being a person discharging managerial responsibility in the Company, is set out below.

Director/PDMR	Number of shares subject to SAYE award before adjustment	Number of shares subject to SAYE award following adjustment	Exercise Price prior to adjustment	Exercise Price following adjustment
Paul Jardine	2,955	3,383	£3.18	£2.77

Date and Place of Transaction:

23 March 2009, London

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

 

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