Brit Insurance Holdings PLC , the international general insurance and reinsurance group, confirms that this disclosure relates to a single transaction of which notification was received under Paragraph 3.1.2 of the Disclosure and Transparency Rules.
The ESOP is a HM Revenue and Customs approved trust arrangement, operated through Equiniti Share Plan Trustees Limited (‘the Trustees’), under which employees are able to buy ordinary shares of 75 pence each in the Company (‘partnership shares’), using monthly deductions from salary, and receive free ordinary shares of 75 pence each in the Company (‘matching shares’) on the basis of one matching share for every two partnership shares purchased. Both the partnership shares and the matching shares are acquired by and held in the ESOP Trust.
The Company has been notified that on 7 September 2009, the following executive directors and persons discharging managerial responsibility ‘PDMR’) of the Company each purchased 60 partnership shares at a price of 207.3p each and received 30 matching shares free of charge.
