Purchase of Shares by ESPT
March 09 2011 - 12:47PM
UK Regulatory
TIDMBRE
09 March 2011
Brit Insurance Holdings N.V.
(the "Company")
Purchase of Shares by the Company's Employee Share Participation Trust (the
"ESPT")
On 09 March 2011 the Company was notified that New Shares of EUR 3.28 in the
capital of the Company ("Ordinary Shares") was purchased by the trustees of the
ESPT as detailed below:
Number of Ordinary Shares purchased 1,170,465
Average price paid per Share EUR 3.28
Date of purchase 09 March
2011
The ESPT is a trust for the benefit of employees of the Company and its
subsidiaries ("Group"). Following this transaction, the trustees now hold a
total of 2,288,872 Ordinary Shares of EUR 3.28 each representing 2.849% of the
Company's issued share capital of 80,333,190.
Dane Douetil, Scott Egan, Ray Cox, Jonathan Turner, Matthew Wilson, Malcolm
Beane, Lorraine Denny and Baldeep Johal, all of whom are persons discharging
managerial responsibilities, have an interest in the ordinary shares acquired as
potential beneficiaries under the ESPT in respect of their participation in the
Company's share schemes.
This notification is made in accordance with Rule 3.1.4R (1) (a) of the
Disclosure and Transparency Rules
For further information, please contact
Brit Insurance Holdings N.V. +31 (0)
20 719 1100
Neil Manser, Head of Investor Relations, Brit Insurance +44 (0) 20 7098 6980
Peter Rigby/Juliet Tilley, Haggie Financial +44 (0) 20 7417 8989
Notes to Editors
Brit Insurance is an international general insurance and reinsurance group
specialising in commercial insurance. The Group writes a diverse portfolio of
over 70 classes of insurance and reinsurance offering worldwide protection. The
scope is wide-ranging: from sole traders to the largest multinational
corporations; from manufacturers to professional services; from shops to
satellites. Our distribution model is centred on brokers and intermediaries.
Reflecting where our customers trade, we are organised into three strategic
business units - Global Markets, UK and Reinsurance - which have access to our
underwriting platforms including Brit Insurance Limited and our Lloyd's
syndicate, Brit Syndicate 2987.
www.britinsurance.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Brit Insurance Holdings N.V. via Thomson Reuters ONE
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