Director/PDMR Shareholding

RNS Number : 8223X

Catlin Group Limited

13 February 2013

 



Catlin Group Limited

13 February 2013

DIRECTORS' AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES' SHAREHOLDINGS

It is announced that awards of allocations and/or options over Catlin Group Limited's (the "Company") common shares of $0.01 each ("Common Shares") were made on 8 February 2013 pursuant to the Company's Performance Share Plan as follows:

Name	Status	Number of Common Shares Covered by Award
Stephen Catlin	Director	262,355
Benjamin Meuli	Director	254,596
Richard Banas	Person discharging managerial responsibilities	97,873
Paul Brand	Person discharging managerial responsibilities	244,980
Paul Jardine	Person discharging managerial responsibilities	183,397
Andrew McMellin	Person discharging managerial responsibilities	170,877
Adrian Spieler	Person discharging managerial responsibilities	130,842

Up to 50% of each award will be eligible to vest in each of 2016 and 2017, but only to the extent that the performance conditions set forth in the Performance Share Plan are achieved.

No consideration was payable upon grant of the awards or will be payable upon the exercise of any vested options or upon the vesting of any allocations.

An acquisition of Common Shares is announced pursuant to the vesting of nil cost Performance Share Plan allocations on 11 and 12 February 2013:

Name	Status	Number of Common Shares Acquired
Richard Banas	Person discharging managerial responsibilities	181,281

As a result of the vesting of his Performance Share Plan award, Mr Banas will receive an additional 52,426 Common Shares from the Catlin Group Limited Employee Benefit Trust on 20 February 2013.  His total holding at that date will be 415,544 Common Shares.

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

 

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