Lancashire Hld Ltd Director/PDMR Shareholding
February 24 2022 - 1:18PM
UK Regulatory
TIDMLRE
Lancashire Holdings Limited
(the "Company") or ("LHL")
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
The Company announces that, on 22 February 2022, Restricted Share Awards ("RSS
awards") were granted as nil-cost options over common shares of US$0.50 each
under the LHL Restricted Share Scheme as both Long Term Incentive Performance
RSS Awards and Deferred Annual Bonus RSS Awards to Alex Maloney, Executive
Director and Group Chief Executive Officer and to Natalie Kershaw, Executive
Director and Group Chief Financial Officer.
Mr. Maloney was granted 433,787 RSS awards as nil-cost options over the
Company's common shares of US$0.50 each. Of these RSS awards 415,078 were
granted as Long Term Incentive Performance RSS Awards* and 18,709 were granted
as Deferred Annual Bonus RSS Awards**.
Ms. Kershaw was granted 224,969 RSS awards as nil-cost options over the
Company's common shares of US$0.50 each. Of these RSS awards 212,434 were
granted as Long Term Incentive Performance RSS Awards* and 12,535 were granted
as Deferred Annual Bonus RSS Awards**.
* In accordance with the LHL Restricted Share Scheme rules, in the normal
course of events the 2022 Long Term Incentive Performance RSS Awards will vest
in 2025 to the extent that the Performance Conditions (measured over a
three-year performance period ending 31 December 2024) have been satisfied and
provided the Award holder remains employed by a Group Member on the date of
vesting.
** In accordance with the LHL Restricted Share Scheme rules, exercise of the
2021 Deferred Annual Bonus RSS Awards may occur over the relevant vested awards
at such point as the Award holder selects, up to the 10th anniversary of the
date of grant. Subject to the vesting conditions, each Deferred Annual Bonus
RSS Award will vest in three equal tranches. Vested awards may only be
exercised in "open periods". It is anticipated that the first open period
following the normal vesting date will commence in February 2023 in the case of
the first tranche, in February 2024 in the case of the second tranche, and in
February 2025 in the case of the third tranche.
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 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 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 Nil-cost options over Common Shares of US$0.50 each
financial instrument,
type of instrument ISIN: BMG5361W1047
Identification code
b) Nature of the Grant of 433,787 RSS awards granted as nil-cost options over common shares of
transaction US$0.50 each, of which 415,078 were granted as Long Term Incentive Performance
RSS Awards and 18,709 were granted as Deferred Annual Bonus RSS Awards.
c) Price(s) and volume Price(s) Volume(s)
(s)
Nil 415,078
Nil 18,709
d) Aggregated
information 433,787
Aggregated volume NIL
Price
e) Date of the 2022-02-22
transaction
f) Place of the Outside a trading venue
transaction
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/ 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 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 Nil-cost options over Common Shares of US$0.50 each
financial instrument,
type of instrument ISIN: BMG5361W1047
Identification code
b) Nature of the Grant of 224,969 RSS awards granted as nil-cost options over common shares of
transaction US$0.50 each, of which 212,434 were granted as Long Term Incentive Performance
RSS Awards and 12,535 were granted as Deferred Annual Bonus RSS Awards
c) Price(s) and volume Price(s) Volume(s)
(s)
Nil 212,434
Nil 12,535
d) Aggregated
information 224,969
Aggregated volume NIL
Price
e) Date of the 2022-02-22
transaction
f) Place of the Outside a trading venue
transaction
Name of authorised official of issuer for making notification
Christopher Head +44 20 7264 4145
Company Secretary chris.head@lancashiregroup.com
24 February 2022
END
(END) Dow Jones Newswires
February 24, 2022 13:18 ET (18:18 GMT)
Lancashire (LSE:LRE)
Historical Stock Chart
From Apr 2024 to May 2024
Lancashire (LSE:LRE)
Historical Stock Chart
From May 2023 to May 2024
