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LANCASHIRE HOLDINGS | Directorpdmr Shareholding | RNS

RNS Regulatory News



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

1. Name of the issuer 2. State whether the notification
related to (i) a transaction
Lancashire Holdings Limited notified in accordance with DTR
3.1.2 R, (ii) a disclosure made
(the "Company") in accordance with LR 9.8.6R(1)
or (iii) a disclosure made in
accordance with section 793 of
the Companies Act (2006)

(i) a transaction notified in
accordance with DTR 3.1.2 R

3. Name of the person discharging 4. State whether notification
managerial responsibilities/ relates to a person connected
director with a person discharging
managerial responsibilities/
1. Richard Brindle (Executive director named in 3 and identify
Director and Group CEO) connected person

2. Alex Maloney (Executive N/A
Director and Group Chief
Underwriting Officer)

5. Indicate whether the notification 6. Description of shares (including
is in respect of a holding of the class), debentures or derivatives
person referred to in 3 or 4 or financial instruments relating
above or in respect of a to shares
non-beneficial interest
1. Lancashire Holdings Limited
Persons referred to at 3 above. ("LHL")Restricted Share Scheme
Award and LHL Restricted Share
Scheme Awwards Bonus Deferral
Plan.
2. Lancashire Holdings Limited
("LHL")Restricted Share Scheme
Award

7. Name of registered shareholder(s) 8. State the nature of the
and, if more than one, the number transaction
of shares held by each of them
1. Exercise of 417,848
1. Richard Brindle Restricted Share

2. Alex Maloney Awards granted as nil-cost
options over

common shares of US$0.50 each, of

which (350,625) were granted
under

the Lancashire Holdings Limited

Restricted Share Scheme and
(67,223)

were granted under the Lancashire

Holdings Limited Restricted Share

Scheme Awards Bonus Deferral Plan

and subsequent related sale of
217,716

resultant shares to cover tax
liabilities

2. Exercise of 70,125 Restricted
Share

Awards granted as nil-cost
options over

common shares of US$0.50 each

which were granted under the

Lancashire Holdings Limited

Restricted Share Scheme and the

subsequent related sale of 36,538

resultant shares to cover tax
liabilities

9. Number of shares, debentures or 10. Percentage of issued class
financial instruments relating to acquired (treasury shares of the
shares acquired class should not be taken into
account when calculating
(1) 417,848 percentage)

(2) 70,125 (1) 0.2625%

(2) 0.0441%

11. Number of shares, debentures or 12. Percentage of issued class
financial instruments relating to disposed (treasury shares of the
shares disposed class should not be taken into
account when calculating
(1) 217,716 (sold in order to percentage)
cover tax
1. 0.1368%
liabilities arising out of the
exercise 2. 0.0230%

of the shares as noted in 8 (1)

above)

(2) 36,538 (sold in order to
cover tax

liabilities arising out of the
exercise

of the shares as noted in 8 (2)
above)

13. Price per share or value of 14. Date and place of transaction
transaction
(1) 27 February 2012 - London,
(1) 7.763208 per share England

(2) 7.763208 per share (2) 27 February 2012 - London,
England

15. Total holding following 16. Date issuer informed of
notification and total percentage transactions
holding following notification
(any treasury shares should not 27 February 2012
be taken into account when
calculating percentage)

(1) 924,732 common shares 0.5810%
*

(2) 191,415 common shares 0.1203%
**

*of which 23,521 shares represent
forfeitable shares awarded on 25
March 2010 pursuant to a
Lancashire Holdings Limited bonus
deferral scheme

**of which 10,252 shares
represent forfeitable shares
awarded on 25 March 2010 pursuant
to a Lancashire Holdings Limited
bonus deferral scheme

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 20. Description of shares or
grant of the option debentures involved (class and
number)

21. Exercise price (if fixed at time 22. Total number of shares or
of grant) or indication that debentures over which options
price is to be fixed at the time held following notification
of exercise

23. Any additional information 24. Name of contact and telephone
number for queries
In addition to the securities
noted in question 15 above, Jonny Creagh-Coen + 44 (0) 207
Richard Brindle also holds the 264 4066
following interests in the
Company:

Restricted Share Scheme Awards
Bonus Deferral Plan- 191,938
(subject to time and employment
conditions only)

Restricted Share Scheme Awards-

687,741***

Time vesting warrants - 5,625,
217

Performance warrants - 741,965

Founder Warrants - 46,260

In addition to the securities
noted in question 15 above, Alex
Maloney also holds the following
interests in the Company:

Restricted Share Scheme Awards
Bonus Deferral Plan- 41,105
(subject to time and employment
conditions only)

Restricted Share Scheme Awards-

332,448***

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

N.B: Richard Brindle and Alex
Maloney have only sold the number
of shares required to cover tax
liabilities and both have
retained the remainder of the
resulting shares.

Name of authorised official if issuer making notification

Christopher Head

Assistant Company Secretary

28 February 2012


END