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 16
February 2018, Elaine Whelan,
Executive Director and Chief Financial Officer, purchased 20,000
common shares of US$0.50 each in the
Company at £5.895 per share.
Following this transaction, Elaine
Whelan has an interest in the Company of 613,669 common
shares (which includes 11,590 held via a connected person),
representing 0.3048%.
Additionally, Elaine Whelan also
holds the following interests in the Company:
Restricted Share Scheme (Performance Awards) - 337,545
(Pursuant to the Rules of the LHL
Restricted Share Scheme, the number of shares that will actually
vest depends on the satisfaction of certain conditions including
employment, performance and time conditions).
Restricted Share Scheme (Deferred Bonus Awards) – 37,230
(Vesting is subject to time and employment conditions
only).
The notification,
made in accordance with Article 19 of Regulation (EU) No 596/2014
of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse
Regulation, is set out below:
1 |
Details of the person
discharging managerial responsibilities/person closely
associated |
a) |
Name |
Elaine Whelan |
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 |
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 |
Purchase of common
shares |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
£5.895 |
20,000 |
|
d) |
Aggregated information |
20,000
£117,900 |
e) |
Date of the transaction |
2018-02-16 |
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 2018 |
+44 20 7264 4145
chris.head@lancashiregroup.com |