Date: | 14 March 2012 |
On behalf of: | Hardy Underwriting Bermuda Limited ("Hardy" or "the Company") |
For immediate release | |
Hardy Underwriting Group All Employee Share Incentive Plan
Hardy Underwriting Bermuda Limited announces that it was advised on the 14 March 2012 that the Trustees of the Hardy Underwriting Share Incentive Plan (the "Plan"), purchased the following Hardy Underwriting Bermuda Limited Common shares of 20p each:
On 8 and 9 March 2012 - a total of 15,384 Hardy Underwriting Bermuda Limited Common Shares of 20p each at an average price of £1.94 per share in respect of the February allocation under the terms of the Plan. Of these shares 5,128 were acquired as Partnership Shares (paid for by participating employees), and 10,256 shares were bought by the Company as Matching Shares.
The registered holder of all shares is Lloyds TSB Corporate Nominees Limited designation AESOP 1.
The following directors are beneficial owners of the following shares (subject to the terms and conditions of the Plan Trust Deed and Rules):
Director | Allotted | Total holding following notification | Total % holding following notification |
P.J. Gage | 195 | 173,669 Common 20p shares | 0.35 |
J. MacDiarmid | 195 | 113,261 Common 20pshares | 0.23 |
B.J. Merry | 195 | 563,736 Common 20p shares | 1.12 |
Shareholdings above include Deferred Annual Bonus awards.
Enquiries to:
Hardy Underwriting Bermuda Limited | Tel: +1441 292 5853 |
Jamie MacDiarmid | Tel: 020 7626 0382 |
Redleaf Communications | |
Emma Kane | Tel: 020 7566 6700 |