REG-Lancashire Holdings Ltd: Director/PDMR Shareholding

Lancashire HoldingsAnnouncement

13/03/2024 14:15

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 8 March 2024, Alex Maloney, Executive Director
and Group Chief Executive Officer, exercised 116,126 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 57,064 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 59,062 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
869,961 common shares (which includes 181,819 shares held via a connected
person), representing 0.3565%.

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                                        Common Shares of US$0.50 each ISIN: BMG5361W1047                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                              
                Identification code                                                                                                                                                                                                                                                                                                                                                           
 b)            Nature of the transaction                                                                          1. Acquisition of shares on exercise of 116,126 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          116,126 shares acquired on exercise of RSS awards                                                  
 d)            Aggregated information * Aggregated volume                                                         116,126 Nil                                                                                                                                                                                                                                                                 
               * Price                                                                                                                                                                                                                                                                                                                                                                        
 e)            Date of the transaction                                                                             2024-03-08                                                                                                                                                                                                                                                                 
 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                                        Common Shares of US$0.50 each ISIN: BMG5361W1047                                                                                                                                                                                                                            
                Identification code                                                                                                                                                                                                                                                                                                                                                           
 b)            Nature of the transaction                                                                          1. Sale of 57,064 shares to cover tax liabilities and fees on exercise of 116,126 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)                                                                                          
  £6.283001     57,064 shares sold to cover tax liabilities                                                       
 d)            Aggregated information * Aggregated volume                                                         57,064 £358,533.17                                                                                                                                                                                                                                                          
               * Price                                                                                                                                                                                                                                                                                                                                                                        
 e)            Date of the transaction                                                                             2024-03-08                                                                                                                                                                                                                                                                 
 f)            Place of the transaction                                                                            (XLON) London Stock Exchange – Regulated Market                                                                                                                                                                                                                            

Name of authorised official of issuer for making notification

 Christopher Head Company Secretary 13 March 2024  +44 20 7264 4145 chris.head@lancashiregroup.com  



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