Director/PDMR Shareholding

RNS Number : 9107Z

Catlin Group Limited

12 February 2014

 



12 February 2014

Catlin Group Limited

DIRECTORS' AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES' SHAREHOLDINGS

It is announced that allocations of and/or options over Catlin Group Limited's (the "Company") common shares of $0.01 each ("Common Shares") were granted on 10 February 2014 pursuant to the Company's Performance Share Plan ("PSP") as follows:

Name	Status	Number of Common Shares Covered by Award
Stephen Catlin	Director	376,875
Benjamin Meuli	Director	234,416
Richard Banas	Person discharging managerial responsibilities	88,708
Paul Brand	Person discharging managerial responsibilities	290,401
Paul Jardine	Person discharging managerial responsibilities	178,125
Andrew McMellin	Person discharging managerial responsibilities	163,267
Joanne Mier	Person discharging managerial responsibilities	115,178
Adrian Spieler	Person discharging managerial responsibilities	123,393

Up to 50% of each award will be eligible to vest in each of 2017 and 2018, but only to the extent that the performance conditions set forth in the PSP are achieved.

No consideration was payable upon grant of the awards or will be payable upon the exercise and/or vesting of any of the awards.

It is also announced that the following acquisitions and sales of Common Shares occurred upon the exercise and/or vesting of nil cost PSP awards on 10 and 11 February 2014:

Name	Status	Number of Common Shares Acquired	Number of Common Shares Disposed
Richard Banas	Person discharging managerial responsibilities	123,115	n/a
As a result of the vesting of his PSP award, Mr Banas will receive an additional 34,222 Common Shares representing dividend equivalents on 19 February 2014.  His total holding at that date will be 497,599 Common Shares.

Paul Brand	Person discharging managerial responsibilities	129,514	50,992 at 556p per Common Share 78,522 at 557p per Common Share
As a result of exercising his PSP options, Mr Brand will receive an additional 35,930 Common Shares representing dividend equivalents on 19 February 2014.  His total holding at that date will be 1,232,246 Common Shares.
Andrew McMellin	Person discharging managerial responsibilities	96,123	17,850 at 562p per Common Share 27,473 at 550p per Common Share
As a result of exercising his PSP options, Mr McMellin will receive an additional 26,666 Common Shares representing dividend equivalents on 19 February 2014.  His total holding at that date will be 374,717 Common Shares.
Joanne Mier	Person discharging managerial responsibilities	18,768	n/a
As a result of the vesting of her PSP award, Ms Mier will receive an additional 5,026 Common Shares representing dividend equivalents on 19 February 2014.  Her total holding at that date will be 57,252 Common Shares.

The above awards were satisfied by shares from the Catlin Group Limited Employee Benefit Trust.

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

 

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