REG-Lancashire Hld Ltd: Director/PDMR Shareholding

Lancashire HoldingsAnnouncement

21/02/2020 18:25

Lancashire Holdings Limited

(the “Company”)

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

The Company announces that, on 19 February 2020, Elaine Whelan, Executive
Director and Group Chief Financial Officer, exercised 18,599 Restricted Share
Awards (“RSS awards”) granted as nil-cost options over the Company’s
common shares of US$0.50 each. These RSS awards were granted under the LHL
Restricted Share Scheme Bonus Deferral Plan.

Elaine Whelan sold 728 of the resulting shares at the price shown below to
cover the tax and fees arising as a result of the exercise and retained the
balance of 17,871 shares. The exercise was satisfied using existing shares in
issue held by the Lancashire Holdings Limited Employee Benefit Trust.

Following this transaction, Elaine Whelan has an interest in the Company of
671,977 common shares (which includes 11,590 common shares held via a
connected person), representing 0.3311%.

Additionally, Elaine Whelan also holds the following interests in the Company:

Restricted Share Scheme (Performance Awards) – 572,382

(Pursuant to the Rules of the LHL Restricted Share Scheme, the number of
shares that will actually vest depends on the satisfaction of certain
conditions including employment, performance and time conditions). 

Restricted Share Scheme (Deferred Bonus Awards) – 9,615

(Vesting is subject to time and employment conditions only).

The notification, made in accordance with Article 19 of Regulation (EU) No
596/2014 of the European Parliament and of the Council of 16 April 2014 on
market abuse (Market Abuse Regulation), is set out below:

 1         Details of the person discharging managerial responsibilities/person closely associated                                                                                                                                                                                                                               
 a)        Name                                                                                               Elaine Whelan                                                                                                                                                                                                      
 2         Reason for the notification                                                                                                                                                                                                                                                                                           
 a)        Position/status                                                                                    Executive Director and Group Chief Financial Officer                                                                                                                                                               
 b)        Initial notification/Amendment                                                                     Initial notification                                                                                                                                                                                               
 3         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                                                                                                                         
 a)        Name                                                                                               Lancashire Holdings Limited                                                                                                                                                                                        
 b)        LEI                                                                                                5493002UNUYXLHOWF752                                                                                                                                                                                               
 4 (i)     Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted                                                                                                                     
 a)        Description of the financial instrument, type of instrument Identification code                    Common Shares of US$0.50 each   ISIN: BMG5361W1047                                                                                                                                                                 
 b)        Nature of the transaction                                                                          1. Acquisition of shares on exercise of 18,599 RSS awards granted as nil-cost options over common shares of US$0.50 each. These RSS awards were granted under the LHL Restricted Share Scheme Bonus Deferral Plan  
 c)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                
 Price(s)  Volume(s)                                                                                          
 nil       18,599 shares acquired on exercise of RSS awards                                                   
 d)        Aggregated information                                                                             18,599 nil                                                                                                                                                                                                         
 e)        Date of the transaction                                                                            2020-02-19                                                                                                                                                                                                         
 f)        Place of the transaction                                                                           (XLON) London Stock Exchange – Regulated Market                                                                                                                                                                    
 4(ii)     Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted                                                                                                                     
 a)        Description of the financial instrument, type of instrument Identification code                    Common Shares of US$0.50 each   ISIN: BMG5361W1047                                                                                                                                                                 
 b)        Nature of the transaction                                                                          1. Sale of 728 shares to cover tax and fees on exercise of 18,599 RSS awards granted as nil-cost options over common shares of US$0.50 each                                                                        
 c)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                
 Price(s)  Volume(s)                                                                                          
 £7.985    728 shares                                                                                         
 d)        Aggregated information                                                                             728 £5,813.08                                                                                                                                                                                                      
 e)        Date of the transaction                                                                            2020-02-19                                                                                                                                                                                                         
 f)        Place of the transaction                                                                           (XLON) London Stock Exchange – Regulated Market                                                                                                                                                                    

Name of authorised official of issuer for making notification

 Christopher Head Company Secretary  21 February 2020  +44 20 7264 4145 chris.head@lancashiregroup.com  



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