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Lancashire Holdings

LRE 690p 8.0  1.2%
26/05/17 3.00k

« All RNS

LANCASHIRE HOLDINGS | Directorpdmr Shareholding | RNS

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/
Neil McConachie (Executive director named in 3 and identify
Director and President) connected person


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
Lancashire Holdings Limited
Persons referred to at 3 above. ("LHL")

Restricted Share Scheme Award and
LHL Restricted Share Scheme
Awards Bonus Deferral Plan

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
Exercise of 144,975 Restricted
Neil McConachie Share Awards granted as nil-cost
options over common shares of
US$0.50 each, of which (109,313)
were granted under the Lancashire
Holdings Limited Restricted Share
Scheme and (35,662) were granted
under the Lancashire Holdings
Limited Restricted Share Scheme
Awards Bonus Deferral Plan

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
144,975 percentage)

(1) 0.0911%

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
Nil percentage)


13. Price per share or value of 14. Date and place of transaction
1 March 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 1 March 2012
be taken into account when
calculating percentage)

144,975 common shares 0.0911%

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

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, Neil Jonny Creagh-Coen + 44 (0) 207
McConachie also holds the 264 4066
following interests in the

Restricted Share Scheme Awards
Bonus Deferral Plan- 77,753
(subject to time and employment
conditions only)

Restricted Share Scheme Awards-


*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: Neil McConachie has retained
all of the shares resulting from
the above exercise.

Name of authorised official if issuer making notification

Christopher Head

Assistant Company Secretary

2 March 2012


Lancashire Holdings Limited is a holding company. The Company's principal activity, through its subsidiaries, is the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Property, Energy, Marine, Aviation and Lloyd's. It underwrites worldwide, insurance and reinsurance contracts that transfer insurance risk, including risks exposed to both natural and man-made catastrophes. It operates as a specialty insurer/reinsurer operating in Bermuda and London across three platforms: rated insurers, Lloyd's and collateralized security. Property reinsurance includes property catastrophe excess of loss, property per risk excess of loss and property retrocession lines of business. It provides coverage for natural catastrophes, such as hurricanes, earthquakes and floods. Its subsidiaries include Lancashire Insurance Company Limited, Lancashire Management Services (Canada) Limited and Lancashire Insurance Marketing Services Limited. more »

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