AMLIN plc (“Amlin”)
Amlin announces that on 30 April 2015 Kim Hvirgel, a Person Discharging Managerial Responsibilities, was awarded 42,176 ordinary shares of 28.125p for no consideration. This is a share award pursuant to De Nederlandsche Bank regulations on variable remuneration for senior individuals within a Financial Services Company and forms part of Mr Hvirgel’s annual bonus. Of the 42,176 shares awarded 21,088 shares were awarded upfront on 30 April 2015 and subsequently 6,983 shares were automatically sold at a price of 459.5p on behalf of Mr Hvirgel to satisfy his tax liability arising on the share award. The balance of 14,105 will have a retention period of three years. The remaining 21,088 shares are deferred and will be awarded over the next four years in equal quantities. These deferred shares will have a retention period of two years.
Under the regulations, Mr Hvirgel is unable to receive a variable share award and will not participate in the PSP or SIP share plans granted by the Company during 2015.
This announcement is made pursuant to paragraph 3.1.4R of the Disclosure and Transparency Rules.
1 May 2015
|Mark Stevens||020 7746 1000|