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 15
February 2022, Natalie
Kershaw, Executive Director and Chief Financial Officer
exercised 21,032 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.
Ms. Kershaw sold 9,407 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 11,625
shares. The exercise was satisfied using existing shares in issue
held by the Lancashire Holdings Limited Employee Benefit Trust.
Following this transaction, Ms. Kershaw has an interest in the
Company of 52,840 common shares, representing 0.0217%.
The notification
below, 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 |
Natalie Kershaw |
2 |
Reason for the
notification |
a) |
Position/status |
Executive Director and Group
Chief Financial 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 21,032
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.
|
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
nil |
21,032 shares acquired on
exercise of RSS awards |
|
d) |
Aggregated
information
Aggregated volume
Price |
21,032
Nil |
e) |
Date of the transaction |
2022-02-15 |
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 9,407 shares to cover tax liabilities
and fees on exercise of 21,032 Restricted Share Awards (“RSS
awards”) granted as nil-cost options over common shares of US$0.50
each
|
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
£5.32 |
9,407 shares sold to cover tax
liabilities |
|
d) |
Aggregated
information
Aggregated volume
Price |
9,407
£50,045.24 |
e) |
Date of the transaction |
2022-02-15 |
f) |
Place of the transaction |
(XLON) London Stock
Exchange – Regulated Market |
Name of authorised official of issuer
for making notification
Christopher
Head
Company Secretary
16 February 2022 |
+44 20 7264 4145
chris.head@lancashiregroup.com |