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 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)



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


Lancashire Holdings Limited

3. Name of the person discharging 4. State whether notification relates to
managerial responsibilities/ a person connected with a person
director discharging managerial
responsibilities/director named in 3
and identify connected person



N/A

Richard Brindle (Executive
Director and Group CEO)

Neil McConachie (Executive
Director and President)

Alex Maloney (Executive Director
and Group Chief Underwriting
Officer)





5. Indicate whether the 6. Description of shares (including
notification is in respect of a class), debentures or derivatives or
holding of the person referred financial instruments relating to
to in 3 or 4 above or in respect shares
of a non-beneficial interest



Persons referred to at 3 above.
Lancashire Holdings Limited Restricted
Share Scheme



7. Name of registered shareholder 8. State the nature of the transaction
(s) and, if more than one, the
number of shares held by each of
them
Restricted Share Awards granted as
nil-cost options over common shares of
US$0.50 each under the Lancashire
(1) Richard Brindle Holdings Limited Restricted Share
Scheme
(2) Neil McConachie

(3) Alex Maloney



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


(1) Richard Brindle - 240,263
RSS Awards (1) Richard Brindle - 0.1510%

(2) Neil McConachie - 146,833 (2) Neil McConachie - 0.0923 %
RSS Awards
(3) Alex Maloney - 0.1176%
(3) Alex Maloney - 187,165 RSS
Awards



11. Number of shares, debentures or 12. Percentage of issued class disposed
financial instruments relating (treasury shares of the class should
to shares disposed not be taken into account when
calculating percentage)



N/A


N/A

13. Price per share or value of 14. Date and place of transaction
transaction


28 February 2012
NIL


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



(1) Richard Brindle (Executive 28 February 2012
Director) - 924,732 (0.5810%)

(2) Neil McConachie (Executive
Director) - Nil (0.00%)

(3) Alex Maloney (Executive
Director) - 191,415 (0.1203%)








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



In accordance with the amended Restricted Share
28 February 2012 Scheme adopted by the shareholders on 22
December 2010, in the normal course of events
these awards will vest in 2015 to the extent
that the Performance Conditions (measured over
a three year performance period ending 31
December 2014) have been satisfied and provided
the Award holder remains employed by a Group
Member on the date of vesting.



19. Total amount paid (if 20. Description of shares or debentures involved
any) for grant of the (class and number)
option


Restricted Share Awards granted over common
Nil shares of US$0.50 each under the Restricted
Share Scheme



(1) Richard Brindle - 240,263

(2) Neil McConachie - 146,833

(3) Alex Maloney - 187,165





21. Exercise price (if 22. Total number of shares or debentures over
fixed at time of grant) which options held following notification
or indication that
price is to be fixed at
the time of exercise
Total number of Restricted Share Awards granted
under the Restricted Share Scheme* and held
following notification:


Nil
(1) Richard Brindle - 928,004

(2) Neil McConachie - 670,640

(3) Alex Maloney - 519,613



*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.



Total number of Restricted Share Awards
granted under the Restricted Share Scheme
Awards Bonus Deferral Plan** and held following
the notification:



(1) Richard Brindle - 191,938

(2) Neil McConachie - 113,415

(3) Alex Maloney - 41,105



** (subject to time and employment conditions
only)



Total number of time vesting warrants held
following notification:



Richard Brindle - 5,625,217





Total number of performance warrants held
following notification:



Richard Brindle - 741,965



Total number of Founder warrants held following
notification:



Richard Brindle - 46,260






23. Any additional 24. Name of contact and telephone number for
information queries



Christopher Head +44 (0)20 7264 4145

Name of authorised official if issuer for making notification


Christopher Head

Assistant Company Secretary

29 February 2012








END