Director/PDMR Shareholding

RNS Number : 0379C

Lancashire Holdings Limited

01 March 2011

 



Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1.	Name of the issuer Lancashire Holdings Limited	2.	State whether the notification related to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006) Category (i)
3.	Name of the person discharging managerial responsibilities/director  Greg Lunn (PDMR)	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify connected person N/A
5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest Person referred to at 3 above.	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares Lancashire Holdings Limited ordinary and performance warrants
7.	Name of registered shareholder(s) and, if more than one, the number of shares held by each of them Greg Lunn	8.	State the nature of the transaction Cashless exercise of Lancashire Holdings Limited management ordinary and performance warrants
9.	Number of shares, debentures or financial instruments relating to shares acquired NIL	10.	Percentage of issued class acquired (treasury shares of the class should not be taken into account when calculating percentage)  NIL
11.	Number of shares, debentures or financial instruments relating to shares disposed Exercise of 70,100 performance warrants and 79,429 ordinary warrants resulting in disposal of 78,500 common shares of par value US$0.50 per share.	12.	Percentage of issued class disposed (treasury shares of the class should not be taken into account when calculating percentage) 0.0512%
13.	Price per share or value of transaction £460,819.24 net of tax	14.	Date and place of transaction 24 February 2011 London
15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) Greg Lunn (PDMR) - disclosure not required.	16.	Date issuer informed of transaction 28 February 2011

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17.	Date of grant	18.	Period during which or date on which exercisable
19.	Total amount paid (if any) for grant of the option Nil	20.	Description of shares or debentures involved (class and number)
21.	Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise Nil	22.	Total number of  shares or debentures over which options held following notification Total number of Restricted Share Awards granted under the Restricted Share Scheme and held following notification: Greg Lunn - 222,245 The actual number of shares to vest is dependent on the Rules of the Scheme including, inter alia, the satisfaction of applicable performance conditions. Total number of options granted under the Long Term Incentive Plan and held following notification: Greg Lunn - 37,500 Total number of time vesting ordinary warrants held following notification:  Greg Lunn - 238,288 Total number of performance warrants held following notification: Greg Lunn - 13,373

23.

Any additional information

24.

Name of contact and telephone number for queries Chris Head [phone]

Name of authorised official if issuer for making notification Chris Head Assistant Company Secretary 1 March 2011

Notes:    This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4

(1)           An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)           An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)           An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)           An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

 

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