REG-Lancashire Holdings Limited: Director/PDMR Shareholding - RSS Awards

Lancashire HoldingsAnnouncement

Yesterday 14:45

Lancashire Holdings Limited

(the "Company") or ("LHL")

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

The Company announces that, on 13 March 2026, Restricted Share Awards ("      
              RSS awards                    ") were granted as nil-cost
options over common shares of US$0.50 each under the LHL Restricted Share
Scheme as both Long Term Incentive Performance RSS Awards and          
Deferred Annual Bonus RSS Awards           to Alex Maloney, Executive Director
and Group Chief Executive Officer, Natalie Kershaw, Executive Director and
Group Chief Financial Officer and Paul Gregory, Executive Director and Group
Chief Underwriting Officer.

 

Mr. Maloney was granted 658,533 RSS awards as nil-cost options over the
Company's common shares of US$0.50 each. Of these RSS awards, 520,514 were
granted as Long Term Incentive Performance RSS Awards* and 138,019 were
granted as Deferred Annual Bonus RSS Awards**.           ‬‬‬‬‬

 

Ms. Kershaw was granted 362,602 RSS awards as nil-cost options over the
Company's common shares of US$0.50 each. Of these RSS awards 268,454 were
granted as Long Term Incentive Performance RSS Awards* and 94,148 were granted
as Deferred Annual Bonus RSS Awards**.

 

Mr. Gregory was granted                      486,769                     
RSS awards as nil-cost options over the Company's common shares of US$0.50
each. Of these RSS awards, 371,754 were granted as Long Term Incentive
Performance RSS Awards* and 115,015 were granted as Deferred Annual Bonus RSS
Awards**.

 

*                                                                         In
accordance with the LHL Restricted Share Scheme rules, in the normal course of
events the 2026 Long Term Incentive Performance RSS Awards will vest in 2029
to the extent that the Performance Conditions (measured over a three-year
performance period ending 31 December 2028) have been satisfied and provided
the Award holder remains employed by a Group Member on the date of vesting.

**                                           In accordance with the LHL
Restricted Share Scheme rules, exercise of the 2025 Deferred Annual Bonus RSS
Awards may occur over the relevant vested awards at such point as the Award
holder selects, up to the 10th anniversary of the date of grant. Subject to
the vesting conditions, each Deferred Annual Bonus RSS Award will vest in
three equal tranches.                                                        
       Vested awards may only be exercised in "open periods". It is
anticipated that the first open period following the normal vesting date will
commence following the release of the Company's 2026 financial statements in
the case of the first tranche, following the release of the Company's 2027
financial statements in the case of the second tranche, and following the
release of the Company's 2028 financial statements in the case of the third
tranche.

 

The notification below, 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         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                   Nil-cost options over Common Shares of US$0.50 each      ISIN: BMG5361W1047                                                                                                                                                                    
 b)        Nature of the transaction                                                                          Grant of   658,533   RSS awards granted as nil-cost options over common shares of US$0.50 each, of which   520,514  were granted as Long Term Incentive Performance RSS Awards and  138,019  were granted as Deferred Annual Bonus RSS Awards  
 c)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                            
 Price(s)  Volume(s)                                                                                          
 Nil       520,514                                                                                            
 Nil       138,019                                                                                            
 d)        Aggregated information  -  Aggregated volume  -  Price                                             658,533   NIL                                                                                                                                                                                                                                  
 e)        Date of the transaction                                                                            2026-03-13                                                                                                                                                                                                                                     
 f)        Place of the transaction                                                                           Outside a trading venue                                                                                                                                                                                                                        

 

 1         Details of the person discharging managerial responsibilities/person closely associated                                                                                                                                                                                                                                                            
 a)        Name                                                                                               Natalie Kershaw                                                                                                                                                                                                                                 
 2         Reason for the notification                                                                                                                                                                                                                                                                                                                        
 a)        Position/status                                                                                    Executive Director and Group Chief Financial 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         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                   Nil-cost options over Common Shares of US$0.50 each      ISIN: BMG5361W1047                                                                                                                                                                     
 b)        Nature of the transaction                                                                              Grant of    362,602  awards granted as nil-cost options over common shares of US$0.50 each, of which   268,454  were granted as Long Term Incentive Performance RSS Awards and   94,148  were granted as Deferred Annual Bonus RSS Awards   
 c)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                             
 Price(s)  Volume(s)                                                                                          
 Nil       268,454                                                                                            
 Nil       94,148                                                                                             
 d)        Aggregated information  -  Aggregated volume  -  Price                                             362,602   NIL                                                                                                                                                                                                                                   
 e)        Date of the transaction                                                                            2026-03-13                                                                                                                                                                                                                                      
 f)        Place of the transaction                                                                           Outside a trading venue                                                                                                                                                                                                                         

 

 1         Details of the person discharging managerial responsibilities/person closely associated                                                                                                                                                                                                                                                           
 a)        Name                                                                                               Paul Gregory                                                                                                                                                                                                                                   
 2         Reason for the notification                                                                                                                                                                                                                                                                                                                       
 a)        Position/status                                                                                    Executive Director and Group Chief Underwriting 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         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                   Nil-cost options over Common Shares of US$0.50 each      ISIN: BMG5361W1047                                                                                                                                                                    
 b)        Nature of the transaction                                                                              Grant of    486,769  awards granted as nil-cost options over common shares of US$0.50 each, of which  371,754  were granted as Long Term Incentive Performance RSS Awards and  115,015  were granted as Deferred Annual Bonus RSS Awards   
 c)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                            
 Price(s)  Volume(s)                                                                                          
 Nil       371,754                                                                                            
 Nil       115,015                                                                                            
 d)        Aggregated information  -  Aggregated volume  -  Price                                             486,769   NIL                                                                                                                                                                                                                                  
 e)        Date of the transaction                                                                            2026-03-13                                                                                                                                                                                                                                     
 f)        Place of the transaction                                                                           Outside a trading venue                                                                                                                                                                                                                        

 

Name of authorised official of issuer for making notification

 Christopher Head   Company Secretary   18 March 2026  +44 20 7264 4145   chris.head@lancashiregroup.com  

 

 



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