Non-exec at Lancashire Holdings sells quarter of stake

6th Mar 2013 16:11

Non-executive Director Neil McConachie sold 25,000 shares in Lancashire Holdings this week, it was announced Wednesday. Neil McConachie disposed of the shares at 913.00p each for a total of £228,250. The transaction comes two weeks after the insurance group announced that it will return $170m to shareholders by way of a special dividend, as the company gained 'significant excess headroom', saying the market looks broadly flat following the loss from Hurricane Sandy. The payment is equal to $1.05 per share and the dividends will result in an aggregate payment of approximately $185.7m, and will be paid in sterling in April. The group said that it has delivered a "solid" final quarter and an "excellent year" overall.McConachie now holds 75,000 shares in the company. Top Director BuysRM (RM.) Director name: Mr Iain McIntosh Amount purchased: 100,000 @ 73.50p Value: £73,500CLS Holdings (CLI) Director name: Mr Christopher JarvisAmount purchased: 5,000 @ 859.75p Value: £42,988Ricardo (RCDO) Director name: Mr Ian LeeAmount purchased: 3,250 @ 400.90p Value: £13,030Ricardo (RCDO) Director name: Mr Ian LeeAmount purchased: 3,250 @ 400.80p Value: £13,026Nakama Group (NAK) Director name: Mr Stefan CiecierskiAmount purchased: 559,592 @ 1.85p Value: £10,352Top Director SellsBank of America Corp. (BAC) Director name: Mr Brian MoynihanAmount sold: 86,899 @ $17.06 Value: $1,482,193Lancashire Holdings (LRE) Director name: Mr Neil McConachieAmount sold: 25,000 @ 913.00p Value: £228,250Ricardo (RCDO) Director name: Mr Ian LeeAmount sold: 6,500 @ 394.50p Value: £25,642