REG - Catlin Group Limited - Director/PDMR Shareholding <Origin Href="QuoteRef">CGL.L</Origin>

CastelnauAnnouncement

13/02/2015 11:41

RNS Number : 8807E
Catlin Group Limited
13 February 2015
13 February 2015
Catlin Group Limited
DIRECTORS' AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES' SHAREHOLDINGS
It is announced that allocations of and/or options over Catlin Group Limited's (the "Company") common shares of $0.01 each ("Common Shares") were granted on 10 February 2015 pursuant to the Company's Performance Share Plan ("PSP") as follows:
Name
Status
Number of Common Shares Covered by Award
Stephen Catlin
Director
300,213
Benjamin Meuli
Director
195,231
Richard Banas
Person discharging managerial responsibilities
76,095
Paul Brand
Person discharging managerial responsibilities
231,330
Paul Jardine
Person discharging managerial responsibilities
156,472
Andrew McMellin
Person discharging managerial responsibilities
140,053
Joanne Mier
Person discharging managerial responsibilities
105,974
Adrian Spieler
Person discharging managerial responsibilities
102,766
Up to 50% of each award will be eligible to vest in each of 2018 and 2019, but only to the extent that the performance conditions set forth in the PSP are achieved.
No consideration was payable upon grant of the awards or will be payable upon the exercise and/or vesting of any of the awards.
It is further announced that the following acquisitions of Common Shares occurred upon the exercise and/or vesting of nil cost Performance Share Plan awards on 9 and 10 February 2015:
Name
Status
Number of Common Shares Acquired
Number of Common Shares Disposed
Stephen Catlin
Director
221,696
n/a
As a result of exercising his PSP awards, Mr Catlin will receive an additional 53,667 Common Shares representing dividend equivalents on 17 February 2015. His total holding at that date will be 6,411,696 Common Shares.
Richard Banas
Person discharging managerial responsibilities
163,787
n/a
As a result of the vesting of his PSP award, Mr Banas will receive an additional 39,484 Common Shares representing dividend equivalents on 17 February 2015. His total holding at that date will be 694,038 Common Shares.
Joanne Mier
Person discharging managerial responsibilities
40,582
n/a
As a result of the vesting of her PSP award, Ms Mier will receive an additional 9,467 Common Shares representing dividend equivalents on 17 February 2015. Her total holding at that date will be 107,301 Common Shares.
The above PSP awards were satisfied by the issue of new shares and the dividend equivalents by shares from the Catlin Group Limited Employee Benefit Trust.
This announcement is made in accordance with Disclosure and Transparency Rule 3.1.4 R (1)(a).

This information is provided by RNS
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