Director Shareholding
10 Novembro 2003 - 10:16AM
UK Regulatory
RNS Number:8698R
BRIT Insurance Holdings PLC
10 November 2003
Directors' Shareholdings
Abacus Corporate Trustee Limited, the independent trustee (the "Trustee") of the
Brit Performance Share Plan 2003 ("PSP") has today notified Brit Insurance
Holdings PLC ("Brit or "the Company") that on 6 November 2003 the Trustee
acquired, 659,895 ordinary shares of 25p each ("Shares") at a price of 75.61p
per Share.
Following this purchase, the Trustee is interested in 5,248,163 Shares,
representing approximately 0.5388% of Brit's issued ordinary share capital.
On 3 November 2003 each of the three executive directors of Brit, Dane Douetil,
Neil Eckert and Matthew Scales with other Brit employees were granted contingent
performance-related awards under the PSP.
Following the above purchase of shares by the Trustee, each executive director
is therefore treated as having an interest in such Shares and the Company has
now been advised that the awards are as follows:
Director Maximum No of Shares*
Dane Douetil 360,113
Neil Eckert 491,055
Matthew Scales 360,113
* The number of Shares that will vest in favour of the relevant director will
be determined by reference to the achievement of certain performance conditions
over a three year period which commenced on 3 November 2003. Details of these
conditions are set out in the Company's Financial Statements for the year ended
31 December 2002.
This information is provided by RNS
The company news service from the London Stock Exchange
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