Director Shareholding
October 29 2003 - 10:43AM
UK Regulatory
RNS Number:4517R
BRIT Insurance Holdings PLC
29 October 2003
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1. Name of company
Brit Insurance Holdings PLC
2. Name of director
Mr J M P Welman
3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Purchase of shares for director and spouse and sale of 8.5% Convertible
Unsecured Subordinated Loan Stock 2008 ("CULS") by director and spouse
4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
PERSHING KEEN NOMINEES LIMITED
5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
SEE Q 3
6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
Purchase of shares for director and spouse and sale of CULS by director and
spouse
7. Number of shares / amount of stock acquired
25,000 Ordinary 25p shares
8. Percentage of issued class
0.0025%
9. Number of shares/amount of stock disposed
18,440 units of 8.5% Convertible Unsecured Subordinated Loan Stock 2008
10. Percentage of issued class
0.041%
11. Class of security
Ordinary 25p shares and 8.5% Convertible Unsecured Subordinated Loan Stock
2008
12. Price per share
76.89p (Ordinary 25p shares) 120.5p (CULS)
13. Date of transaction
24 October 2003
14. Date company informed
29 October 2003
15. Total holding following this notification
Total interest in Shares: 208,874; Total interest in CULS: 0
16. Total percentage holding of issued class following this notification
Total interest in shares: 0.021% (based on issued share capital of 974,053,189)
(excludes any conversion of 8.5% convertible unsecured subordinated loan stock
2008 to ordinary shares)
If a director has been granted options by the company please complete the
following boxes.
17. Date of grant
N/A
18. Period during which or date on which exercisable
N/A
19. Total amount paid (if any) for grant of the option
N/A
20. Description of shares or debentures involved: class, number
N/A
21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
N/A
22. Total number of shares or debentures over which options held following this
notification
510,526
23. Any additional information
Relates to purchase of shares and sale of CULS. Option details previously
announced.
24. Name of contact and telephone number for queries
Lucie Gilbert 020 7984 8664
25. Name and signature of authorised company official responsible for making
this notification
Lucie Gilbert
Date of Notification
29 October 2003
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END
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