REG-Lancashire Hld Ltd: Director/PDMR Shareholding

Lancashire HoldingsAnnouncement

24/02/2022 18:30

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 23 February 2022, Alex Maloney, Executive
Director and Chief Executive Officer, exercised 183,905 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.

Mr. Maloney sold 86,673 of the resulting shares at the price shown below to
cover the tax, national insurance and fees arising as a result of the exercise
and retained the balance of 97,232 shares. The exercise was satisfied using
existing shares in issue held by the Lancashire Holdings Limited Employee
Benefit Trust.

Following this transaction, Mr. Maloney has an interest in the Company of
884,802 common shares (which includes 155,722 shares held via a connected
person), representing 0.3626%.

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   ISIN: BMG5361W1047                                                                                                                                                                                                                       
 b)        Nature of the transaction                                                                          Acquisition of shares on exercise of 183,905 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       183,905 shares acquired on exercise of RSS awards                                                  
 d)        Aggregated information Aggregate Volume Price                                                      183,905 Nil                                                                                                                                                                                                                                                              
 e)        Date of the transaction                                                                            2022-02-23                                                                                                                                                                                                                                                               
 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                                                                          Sale of 86,673 shares to cover tax liabilities and fees on exercise of 183,905 Restricted Share Awards (“RSS awards”) granted as nil-cost options over common shares of US$0.50 each                                                                                     
 c)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                                                      
 Price(s)  Volume(s)                                                                                          
 £4.9921   86,673 shares sold to cover tax liabilities                                                        
 d)        Aggregated information Aggregate Volume Aggregate Price                                            86,673 £ 432,680.28                                                                                                                                                                                                                                                      
 e)        Date of the transaction                                                                            2022-02-23                                                                                                                                                                                                                                                               
 f)        Place of the transaction                                                                           (XLON) London Stock Exchange – Regulated Market                                                                                                                                                                                                                          

Name of authorised official of issuer for making notification

 Christopher Head Company Secretary  24 February 2022  +44 20 7264 4145 chris.head@lancashiregroup.com  



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