LANCASHIRE HOLDINGS LIMITED - Director/PDMR Shareholding
PR Newswire
London, February 24
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) |
| ||||
| 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) |
| ||||
| 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 |
