Lancashire Hld Ltd Director/PDMR Shareholding
May 26 2021 - 2:00AM
UK Regulatory
TIDMLRE
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 24 May 2021, Alex Maloney, Executive Director
and Chief Executive Officer exercised 177,991 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 Bonus Deferral Plan.
Mr. Maloney sold 83,866 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 94,125 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
787,570 common shares (which includes 155,722 shares held via a connected
person), representing 0.3227%.
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/ Initial notification
Amendment
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 Common Shares of US$0.50 each
financial instrument,
type of instrument ISIN: BMG5361W1047
Identification code
b) Nature of the i. Acquisition of shares on exercise of 177,991 Restricted Share Awards ("RSS
transaction 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 Bonus
Deferral Plan.
c) Price(s) and volume Price(s) Volume(s)
(s)
nil 177,991 shares acquired on exercise of RSS awards
d) Aggregated
information 177,991
Nil
e) Date of the 2021-05-24
transaction
f) Place of the (XLON) London Stock Exchange - Regulated Market
transaction
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 Common Shares of US$0.50 each
financial instrument,
type of instrument ISIN: BMG5361W1047
Identification code
b) Nature of the i. Sale of 83,866 shares to cover tax liabilities and fees on exercise of
transaction 177,991 Restricted Share Awards ("RSS awards") granted as nil-cost options
over common shares of US$0.50 each
c) Price(s) and volume Price(s) Volume(s)
(s)
£6.480 83,866 shares sold to cover tax liabilities
d) Aggregated
information 83,866
£ 543,480.03
e) Date of the 2021-05-24
transaction
f) Place of the (XLON) London Stock Exchange - Regulated Market
transaction
Name of authorised official of issuer for making notification
Christopher Head +44 20 7264 4145
Company Secretary chris.head@lancashiregroup.com
26 May 2021
END
(END) Dow Jones Newswires
May 26, 2021 02:00 ET (06:00 GMT)
Lancashire (LSE:LRE)
Historical Stock Chart
From Aug 2024 to Sep 2024
Lancashire (LSE:LRE)
Historical Stock Chart
From Sep 2023 to Sep 2024