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

Lancashire HoldingsAnnouncement

17/03/2025 12:00

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 2025, 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 651,392 RSS awards as nil-cost options over the
Company’s common shares of US$0.50 each. Of these RSS awards, 512,108 were
granted as Long Term Incentive Performance RSS Awards* and 139,284 were
granted as Deferred Annual Bonus RSS Awards**.

Ms. Kershaw was granted 355,490 RSS awards as nil-cost options over the
Company’s common shares of US$0.50 each. Of these RSS awards 264,085 were
granted as Long Term Incentive Performance RSS Awards* and 91,405 were granted
as Deferred Annual Bonus RSS Awards**.

Mr Gregory was granted 481,862 RSS awards as nil-cost options over the
Company’s common shares of US$0.50 each. Of these RSS awards, 365,792 were
granted as Long Term Incentive Performance RSS Awards* and 116,070 were
granted as Deferred Annual Bonus RSS Awards**.

* In accordance with the LHL Restricted Share Scheme rules, in the normal
course of events the 2025 Long Term Incentive Performance RSS Awards will vest
in 2028 to the extent that the Performance Conditions (measured over a
three-year performance period ending 31 December 2027) 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
2024 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 2025 financial statements in the case of the first tranche,
following the release of the Company’s 2026 financial statements in the case
of the second tranche, and following the release of the Company’s 2027
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 instrumentIdentification code                     Nil-cost options over Common Shares of US$0.50 each ISIN: BMG5361W1047                                                                                                                                                                   
 b)        Nature of the transaction                                                                          Grant of 651,392 RSS awards granted as nil-cost options over common shares of US$0.50 each, of which 512,108 were granted as Long Term Incentive Performance RSS Awards and 139,284 were granted as Deferred Annual Bonus RSS Awards     
 c)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                      
 Price(s)  Volume(s)                                                                                          
 Nil       512,108                                                                                            
 Nil        139,284                                                                                           
 d)        Aggregated information * Aggregated volume                                                         651,392 NIL                                                                                                                                                                                                                              
           * Price                                                                                                                                                                                                                                                                                                                                     
 e)        Date of the transaction                                                                            2025-03-13                                                                                                                                                                                                                               
 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 instrumentIdentification code                     Nil-cost options over Common Shares of US$0.50 each ISIN: BMG5361W1047                                                                                                                                                           
 b)        Nature of the transaction                                                                          Grant of 355,490 awards granted as nil-cost options over common shares of US$0.50 each, of which 264,085 were granted as Long Term Incentive Performance RSS Awards and 91,405 were granted as Deferred Annual Bonus RSS Awards  
 c)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                              
 Price(s)  Volume(s)                                                                                          
 Nil       264,085                                                                                            
 Nil       91,405                                                                                             
 d)        Aggregated information * Aggregated volume                                                         355,490 NIL                                                                                                                                                                                                                      
           * Price                                                                                                                                                                                                                                                                                                                             
 e)        Date of the transaction                                                                            2025-03-13                                                                                                                                                                                                                       
 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 instrumentIdentification code                     Nil-cost options over Common Shares of US$0.50 each ISIN: BMG5361W1047                                                                                                                                                              
 b)        Nature of the transaction                                                                           Grant of 481,862 awards granted as nil-cost options over common shares of US$0.50 each, of which 365,792 were granted as Long Term Incentive Performance RSS Awards and 116,070 were granted as Deferred Annual Bonus RSS Awards   
 c)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                 
 Price(s)  Volume(s)                                                                                          
 Nil       365,792                                                                                            
 Nil       116,070                                                                                            
 d)        Aggregated information * Aggregated volume                                                         481,862 NIL                                                                                                                                                                                                                         
           * Price                                                                                                                                                                                                                                                                                                                                
 e)        Date of the transaction                                                                            2025-03-13                                                                                                                                                                                                                          
 f)        Place of the transaction                                                                           Outside a trading venue                                                                                                                                                                                                             

Name of authorised official of issuer for making notification

 Christopher Head Company Secretary 17 March 2025  +44 20 7264 4145 chris.head@lancashiregroup.com  



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