Kin Group Regulatory News (KIN)

20 Dec 2005 13:06

Kiln PLC20 December 2005 20 December 2005 Kiln plc Directors' Dealings Kiln plc has been informed that as part of the recent Rights Issue, thefollowing Directors and Senior Managers have taken up their rights as follows: Directors Nicholas Cosh, Graham Ball and Peter Haynes have each taken up their rights infull. Edward Creasy and Robert Chase have each taken up their rights in respect of40,000 Issue Shares and sold the balance of their remaining entitlements toIssue Shares being 42,381 and 160,849 respectively. Shares being acquired by Directors or connected persons Number of shares Nicholas Cosh 10,714Graham Ball 48,351Peter Haynes 23,028Edward Creasy 40,000Robert Chase 40,000 Shares being acquired by Senior Managers or connected persons Number of shares Stephen Mathers 30,000Tim Prifti 19,000Marion Madden 2,095 The following Senior Managers or connected persons have sold the number of nilpaid rights detailed below: Number of rights Stephen Mathers 398,571Bruce Shepherd 139,777Andrew Carrier 88,582Stephen Jedburgh 56,142Paul Letherbarrow 18,841Tim Prifti 15,746Robin Hargreaves 24,235Charles Franks 12,857John Diamond 6,428 The Company has also been advised by Kiln Trustees Limited that, following anexercise of options by a former employee, there has been a change in thebeneficial holding of Kiln Trustees Limited in Kiln plc. As the Directors andSenior Managers of Kiln, in common with all Kiln employees, are potentialbeneficiaries of the employee trust, the above transactions require disclosure. It is also announced that Kiln Trustees Limited no longer has a notifiableinterest in Kiln plc. Enquiries: Kiln plc 020 7886 9000Keith Grant / Kate Rogers College Hill 020 7457 2020Tony Friend / Roddy Watt Notes to Editors: Kiln, established in 1962, is an international insurance andreinsurance underwriting group that specialises in complex, unusual risk. Kilnplc is listed on the London Stock Exchange. Its operating subsidiary, R J Kiln &Co Limited has £803 million of capacity under management for the 2006 year ofaccount, making it one of the largest agencies trading in the Lloyd's of Londoninsurance market. A recognised leader in each of the five main business areas in which itoperates: reinsurance, accident and health, aviation, marine and special risks,and property, Kiln enjoys a security rating of 'A' (Strong) assigned to Lloyd'sby Standard and Poor's. This information is provided by RNS The company news service from the London Stock Exchange