LONDON (ShareCast) - 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 Buys

RM (RM.)
Director name: Mr Iain McIntosh
Amount purchased: 100,000 @ 73.50p
Value: £73,500

CLS Holdings (CLI)
Director name: Mr Christopher Jarvis
Amount purchased: 5,000 @ 859.75p
Value: £42,988

Ricardo (RCDO)
Director name: Mr Ian Lee
Amount purchased: 3,250 @ 400.90p
Value: £13,030

Ricardo (RCDO)
Director name: Mr Ian Lee
Amount purchased: 3,250 @ 400.80p
Value: £13,026

Nakama Group (NAK)
Director name: Mr Stefan Ciecierski
Amount purchased: 559,592 @ 1.85p
Value: £10,352

Top Director Sells

Bank of America Corp. (BAC)
Director name: Mr Brian Moynihan
Amount sold: 86,899 @ $17.06
Value: $1,482,193

Lancashire Holdings (LRE)
Director name: Mr Neil McConachie
Amount sold: 25,000 @ 913.00p
Value: £228,250

Ricardo (RCDO)
Director name: Mr Ian Lee
Amount sold: 6,500 @ 394.50p
Value: £25,642

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