Director/PDMR Shareholding
(Thomson Reuters ONE) - Brit Insurance Holdings PLC22.09.2009Notification of Interests of Directors and Persons DischargingManagerial Responsibility ("PDMR") and connected personsBrit Insurance Holdings PLC ("Brit Insurance" or "the Company") theinternational general insurance and reinsurance group, announces thefollowing changes to the interests of Directors and PDMRs in theCompany's ordinary shares of 75p each ("Shares").On 21 September 2009 the Company granted awards of nil cost options("Awards") under the Brit Performance Share Plan 2003 ("the PSP") asfollows:PDMRs+-----------------------------------------------------+| Name | PSP Award (number of shares under option) ||---------+-------------------------------------------|| M Beane | 133,928 |+-----------------------------------------------------+Awards granted under the PSP will normally vest and becomeexercisable on 21 September 2012, but only to the extent that certainperformance criteria are satisfied by the Company over a three yearperformance period commencing 1 January 2009. The Award is subject totwo performance conditions. One-half of the Award is subject to aperformance condition based on the average annual Return on Equity ofthe Company over a single period of three financial years and twounderpins. The other-half of the Award is subject to a performancecondition comparing the Company's total shareholder return against acomparator group of companies over three financial years.No consideration is payable for the grant of Awards and the vestingof Awards is conditional upon meeting the performance criteria.The notification of these Awards is intended to satisfy the Company'sobligations under Disclosure and Transparency Rule 3.1.4.Peter GoddardCompany SecretaryBrit Insurance Holdings PLCTel: 020 7984 8741---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 22.09.2009 - 15:35 Uhr
Sprache: Deutsch
News-ID 6088
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