6 November 2009
BRIT INSURANCE HOLDINGS PLC
EMPLOYEE SHARE OWNERSHIP PLAN ("the ESOP")
Brit Insurance Holdings PLC ("the Company"), 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. Under the ESOP, the
Board may also award ordinary shares of 75 pence each in the Company
("Free Shares") to eligible employees. The Partnership Shares,
Matching Shares and Free Shares are acquired by and held in the ESOP
Trust.
The Company has been notified that on 5 November 2009, the following
Executive Directors and Persons Discharging Managerial Responsibility
("PDMR") of the Company were each awarded 244 Free Shares:
Mr P Burrows (PDMR)
Mr D J Douetil (Director)
Mr P J Goddard (PDMR)
Mr M Scales (Director)
Mr J R Turner (PDMR)
Mr M Wilson (PDMR)
Peter Goddard
Company Secretary
Brit Insurance Holdings PLC
Tel: 020 7984 8500
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