Director/PDMR Shareholding

RNS Number : 6065K

Catlin Group Limited

22 December 2008

 

Catlin Group Limited

22 December 2008

Share dealing by PDMR of Catlin Group Limited

In accordance with DTR 3.1.2, Catlin Group Limited (the 'Company') announces that it received notification on 22 December from Stephen Catlin, Chief Executive Officer, that pursuant to financing agreements effective on 9 October and 19 December 2008 he has granted to HSBC Private Bank (UK) Ltd a mortgage over one million common shares in the Company (the 'Charged Shares').  

There has been no change to beneficial ownership of the Charged Shares. Mr Catlin remains entitled to all rights appertaining to the Charged Shares, including voting and dividend rights. HSBC is entitled to enforce its security interest in the Charged Shares only in the event of a default as defined in the financing agreements.

The Charged Shares represent less than 0.4% of the issued share capital of the Company and approximately 29% of the shares owned by Mr Catlin and connected persons.

 

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