Lancashire Holdings Ltd - Director/PDMR Shareholding
March 13 2024 - 9:11AM
UK Regulatory
Lancashire Holdings Ltd - Director/PDMR
Shareholding
PR Newswire
LONDON, United Kingdom, March 13
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 8 March 2024, Natalie Kershaw, Executive Director and Group
Chief Financial Officer exercised 102,244
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 50,243 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 52,001 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 104,841
common shares, representing 0.043%.
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
instrumentIdentification
code |
Common Shares of US$0.50
each
ISIN:
BMG5361W1047
|
|
b) |
Nature of the
transaction |
-
Acquisition
of shares
on exercise of 102,244 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 |
102,244 shares acquired on
exercise of RSS awards |
|
|
d) |
Aggregated
information
|
102,244
Nil
|
|
e) |
Date of the
transaction |
2024-03-08 |
|
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 50,243
shares to cover tax liabilities and fees on exercise of 102,244
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) |
|
£6.292892 |
50,243 shares sold
to cover tax liabilities |
|
|
d) |
Aggregated
information
|
50,243
£316,173.79
|
|
e) |
Date of the
transaction |
2024-03-08 |
|
f) |
Place of the
transaction |
(XLON) London Stock Exchange – Regulated
Market |
Name of authorised
official of issuer for making
notification
|
Christopher
Head
Company
Secretary
13 March
2024
|
+44 20 7264
4145
chris.head@lancashiregroup.com
|
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