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, Natalie Kershaw, Executive
Director and Group Chief Financial Officer exercised 102,244 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.

Ms. Kershaw sold 50,243 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 52,001 shares. The exercise was satisfied using
existing shares in issue held by the Lancashire Holdings Limited Employee
Benefit Trust.

Following this transaction, Ms. Kershaw has an interest in the Company of
104,841 common shares, representing 0.043%.

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                                                                                               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(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 instrumentIdentification code                     Common Shares of US$0.50 each ISIN: BMG5361W1047                                                                                                                                                                                                    
 b)            Nature of the transaction                                                                          1. Acquisition of shares on exercise of 102,244 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.      
 c)            Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                                 
 Price(s)      Volume(s)                                                                                          
  nil          102,244 shares acquired on exercise of RSS awards                                                  
 d)            Aggregated information * Aggregated volume                                                         102,244 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 Identification code                    Common Shares of US$0.50 each                                                                                                                                                                                                                       
                                                                                                                   ISIN: BMG5361W1047                                                                                                                                                                                                                                 
 b)            Nature of the transaction                                                                          1. Sale of 50,243 shares to cover tax liabilities and fees on exercise of 102,244 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)                                                                                          
  £6.292892     50,243 shares sold to cover tax liabilities                                                       
 d)            Aggregated information * Aggregated volume                                                         50,243 £316,173.79                                                                                                                                                                                                                                  
               * 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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