REG-Lancashire Hld Ltd: Director/PDMR Shareholding

Lancashire HoldingsAnnouncement

28/02/2023 16:30

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 24 February 2023, Alex Maloney, Executive
Director and Chief Executive Officer, exercised 89,105 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 Performance Awards and Bonus Deferral Plan.  The exercise was
satisfied using existing shares in issue held by the Lancashire Holdings
Limited Employee Benefit Trust.

Mr. Maloney sold all 89,105 of the common shares arising as a result of the
exercise of these RSS awards at the price shown below.

The Company also announces that on 24 February 2023, Mr. Maloney sold an
additional 100,000 common shares of US$0.50 each at the price shown below.

Following this transaction, Mr. Maloney has an interest in the Company of
810,899 common shares (which includes 181,819 shares held via a connected
person), representing a total holding of 0.3323%.

The notification made in accordance with the requirements of UK MAR, provides
further detail:

 1           Details of the person discharging managerial responsibilities/person closely associated                                                                                                                                                                                                                                                                                                                                                                       
 a)          Name                                                                                                                                                                        Alex Maloney                                                                                                                                                                                                                                                                      
 2           Reason for the notification                                                                                                                                                                                                                                                                                                                                                                                                                                   
 a)          Position/status                                                                                                                                                             Executive Director and Group Chief Executive 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    I SIN: BMG5361W1047                                                                                                                                                                                                                              
 b)                                                                                   Nature of the transaction                                                                          1. Acquisition of common shares on exercise of 89,105 Restricted Share Awards (“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 Performance Awards and Bonus Deferral Plan.      
 c)                                                                                   Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                                                               
 Price(s)    Volume(s)                                                                
 Nil         89,105 common shares of US$0.50 each acquired on exercise of RSS awards  
 d)                                                                                   Aggregated information - Aggregated volume - Price                                                 89,105 Nil                                                                                                                                                                                                                                                                        
 e)                                                                                   Date of the transaction                                                                            2023-02-24                                                                                                                                                                                                                                                                        
 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 189,105 common shares of US$0.50 each in the Company                                                                                                                                                                                                                   
 c)          Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                                                                                                                                        
 Price(s)    Volume(s)                                                                
 £5.99602    89,105 common shares of US$0.50 each                                     
 £6.018422   100,000 common shares of US$0.50 each                                    
 d)          Aggregated information                                                                                                                                                      189,105  £ 1,136,117.58                                                                                                                                                                                                                                                           
 e)          Date of the transaction                                                                                                                                                     2023-02-24                                                                                                                                                                                                                                                                        
 f)          Place of the transaction                                                                                                                                                    (XLON) London Stock Exchange – Regulated Market                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

Name of authorised official of issuer for making notification

 Christopher Head Company Secretary  28 February 2023  +44 20 7264 4145 chris.head@lancashiregroup.com  



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