HWY Highway Ins.

    RNS Number : 9584G
  Highway Insurance Group PLC
  29 October 2008
   
    NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

 1.                              Name of the issuer


                                 HIGHWAY INSURANCE
                                 GROUP PLC

 2.                              State whether the
                                 notification relates
                                 to: 
                                 (i) a transaction
                                 notified in
                                 accordance with DTR
                                 3.1.4R(1)(a); or


                                 (ii)DTR 3.1.4 (R)
                                 (1)(c) a disclosure
                                 made in accordance
                                 with section 793 of
                                 the Companies Act
                                 2006


                                 NOTIFICATION RELATES
                                 TO (i)

 3.                              Name of person
                                 discharging
                                 managerial
                                 responsibilities/
                                 director


                                 PAUL NIGEL COSH
                                 (EXECUTIVE DIRECTOR)
                                 CHRISTOPHER DEREK
                                 HILL (EXECUTIVE
                                 DIRECTOR)
                                 PHILIP JOHN
                                 LAMPSHIRE (PDMR)

 4.                              State whether
                                 notification relates
                                 to a person
                                 connected with a
                                 person discharging
                                 managerial
                                 responsibilities/
                                 director named in 3
                                 and identify the
                                 connected person.


                                 N/A

 5.                              Indicate whether the
                                 notification is in
                                 respect of a holding
                                 of the person
                                 referred to in 3 or
                                 4 above or in
                                 respect of a
                                 non-beneficial
                                 interest.


                                 HOLDING OF PERSONS
                                 NAMED IN 3 ABOVE

 6.                              Description of
                                 shares (including
                                 class), debentures
                                 or derivatives or
                                 financial
                                 instruments relating
                                 to shares.


                                 ORDINARY SHARES OF
                                 20P EACH.

 7.                              Name of registered
                                 shareholder(s) and,
                                 if more than one,
                                 the number of shares
                                 held by each of
                                 them.


                                 SEE 9 BELOW

 8.                              State the nature of
                                 the transaction.
                                  
                                 EXERCISE OF OPTIONS
                                 UNDER THE HIGHWAY
                                 INSURANCE GROUP PLC
                                 2002 EXECUTIVE SHARE
                                 OPTION PLAN AND SALE
                                 OF SHARES.  

 9.                              Number ofshares,
                                 debentures or
                                 financial
                                 instruments relating
                                 toshares
                                 acquired.
                                  
                                 PAUL NIGEL COSH:
                                 1,500,000
                                 CHRISTOPHER DEREK
                                 HILL: 1,500,000
                                 PHILIP JOHN
                                 LAMPSHIRE: 500,000  
                                  

 10.                             Percentage of issued
                                 class acquired
                                 (treasury shares of
                                 that class should
                                 not be taken into
                                 account when
                                 calculating
                                 percentage).


                                 1.68%

 11.                             Number of shares,
                                 debentures or
                                 financial
                                 instruments relating
                                 to shares disposed.


                                 PAUL NIGEL COSH:
                                 1,500,000
                                 CHRISTOPHER DEREK
                                 HILL: 1,500,000
                                 PHILIP JOHN
                                 LAMPSHIRE: 500,000  


 12.                             Percentage of issued
                                 class disposed
                                 (treasury shares of
                                 that class should
                                 not be taken into
                                 account when
                                 calculating
                                 percentage).


                                 1.68%

 13.                             Price pershareor
                                 value of
                                 transaction.
                                  
                                 EXERCISE PRICE OF
                                 OPTIONS


                                 PAUL NIGEL COSH:
                                 38.75 PENCE PER
                                 SHARE
                                 CHRISTOPHER DEREK
                                 HILL: 34.50 PENCE
                                 PER SHARE
                                 PHILIP JOHN
                                 LAMPSHIRE: 39 PENCE
                                 PER SHARE


                                 SALE PRICE OF SHARES


                                 73.35 PENCE PER
                                 SHARE

 14.                             Date and place of
                                 transaction.
                                  
                                 27 OCTOBER 2008.
                                 OPTIONS OVER THE
                                 ABOVE SHARES WERE
                                 EXERCISED AND SUCH
                                 SHARES ACQUIRED ON
                                 EXERCISE WERE
                                 ACQUIRED BY
                                 LIVERPOOL VICTORIA
                                 INSURANCE COMPANY
                                 LIMITED (LVIC) IN
                                 ACCORDANCE WITH THE
                                 TERMS OF ITS
                                 RECOMMENDED CASH
                                 OFFER FOR HIGHWAY
                                 INSURANCE GROUP PLC
                                 (AS SET OUT IN THE
                                 OFFER DOCUMENT
                                 POSTED TO HIGHWAY
                                 SHAREHOLDERS ON 12
                                 SEPTEMBER 2008). THE
                                 OFFER BECAME WHOLLY
                                 UNCONDITIONAL ON 9
                                 OCTOBER 2008.

 15.                             Total holding
                                 following
                                 notification and
                                 total percentage
                                 holding following
                                 notification (any
                                 treasury shares
                                 should not be taken
                                 into account when
                                 calculating
                                 percentage).


                                 NIL

 16.                             Date issuer informed
                                 of transaction.
                                  
                                 28 OCTOBER 2008

 If a person discharging managerial responsibilities
 has been granted options by the issuer complete the
 following boxes.

 17.                             Date of grant.

 18.                             Period during which
                                 or date on which it
                                 can be exercised.

 19.                             Total amount paid
                                 (if any) for grant
                                 of the option.

 20.                             Description of
                                 shares or debentures
                                 involved (class and
                                 number).

 21.                             Exercise price (if
                                 fixed at time of
                                 grant) or indication
                                 that price is to be
                                 fixed at the time of
                                 exercise.

 22.                             Total number of
                                 shares or debentures
                                 over which options
                                 held following
                                 notification.

 23.                             Any additional
                                 information.

 24.                             Name of contact and
                                 telephone number for
                                 queries.


                                 PHILIP LAMPSHIRE
                                 Tel : 01277 266308

 Name and signature of duly authorised officer of
 issuer responsible for making notification.


 PHILIP LAMPSHIRE
 COMPANY SECRETARY

 Date of Notification
 29 OCTOBER 2008










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