Director/PDMR Shareholding
March 11 2011 - 7:09AM
UK Regulatory
TIDMBRE
11 March 2011
Brit Insurance Holdings N.V.
(the "Company")
Notification of Interests of Directors and Persons Discharging Managerial
Responsibility ("PDMR") and connected persons
The Company announces the following changes to the interests of Directors and
PDMRs in the Company's Ordinary Shares of EUR3.28 each ("Shares").
On 10 March 2011 RBC cees Trustees Limited notified the Company that the
following PDMRs disposed of Ordinary EUR 3.28 Shares in the Company as detailed
below. These Shares were a result of exercises on 10 March 2011 of
Awards/Options under the Company's 2007 and 2009 Bonus Share Matching Plans
("BSMP") granted at nil cost; under the Company's 2003 and 2009 Performance
Share Plans ("PSP") granted at nil cost; and under the Company's 2003 Executive
Share Option Plan ("ESOS") granted at GBP9.42 per share.
+-------+---------+---------+---------+---------+--------+----------+------------+------------+
|Name |Director/|BSMP |ESOS |PSP |Number |Percentage|Total |Total |
| |PDMR |Exercised|Exercised|Exercised|of |of Shares |interest in |interest in |
| | |(number) |(number) |(number) |Shares |disposed |Awards/ |Awards/ |
| | | | | |disposed|(%)* |Options |Options |
| | | | | |(number)| |following |following |
| | | | | | | |notification|notification|
| | | | | | | |(number) |(%)* |
+-------+---------+---------+---------+---------+--------+----------+------------+------------+
|D J |Director |100,871 |17,250 |65,662 |183,783 | |1,488 | |
|Douetil| | | | | | 0.229| | 0.00185|
+-------+---------+---------+---------+---------+--------+----------+------------+------------+
|M Beane|PDMR |3,245 |0 |29,911 |33,156 | 0.041|1,488 | 0.00185|
+-------+---------+---------+---------+---------+--------+----------+------------+------------+
|J R |PDMR |56,734 |0 |34,742 |91,476 | |1,488 | |
|Turner | | | | | | 0.114| | 0.00185|
+-------+---------+---------+---------+---------+--------+----------+------------+------------+
|M |PDMR |29,278 |3,815 |48,439 |81,532 | |2,222 | |
|Wilson | | | | | | 0.101| | 0.00277|
+-------+---------+---------+---------+---------+--------+----------+------------+------------+
|R Cox |PDMR |16,690 |0 |16,034 |32,724 | 0.041|0 | 0.00000|
+-------+---------+---------+---------+---------+--------+----------+------------+------------+
|L Denny|PDMR |10,463 |0 |12,013 |22,476 | 0.028|1,488 | 0.00185|
+-------+---------+---------+---------+---------+--------+----------+------------+------------+
|B Johal|PDMR |32,061 |3,317 |17,170 |52,548 | 0.065|2,956 | 0.00368|
+-------+---------+---------+---------+---------+--------+----------+------------+------------+
* Based on an Issued Share Capital of 80,333,190 Shares.
In addition, on 10 March 2011 Scott Egan exercised a Special Option award of
28,505 Shares granted at nil cost on 09 March 2011.
Furthermore, Equiniti Share Plan Trustees Limited notified the Company that the
following PDMRs disposed of Shares held under the 2001 Employee Share Ownership
Plan (ESOP) as detailed below:
+------------+---------------+
| Name | ESOP Disposal |
+------------+---------------+
| DJ Douetil | 2,440 |
+------------+---------------+
| JR Turner | 1,062 |
+------------+---------------+
| M Wilson | 2,440 |
+------------+---------------+
| R Cox | 140 |
+------------+---------------+
| L Denny | 190 |
+------------+---------------+
| B Johal | 2,263 |
+------------+---------------+
The notification of these Awards/Options is intended to satisfy the Company's
obligations under Disclosure and Transparency Rule 3.1.4R.
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
[HUG#1496342]
Brit Insurance (LSE:BRE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Brit Insurance (LSE:BRE)
Historical Stock Chart
From Jul 2023 to Jul 2024