Lancashire Hld Ltd Transaction in Own Shares

 
TIDMLRE 
 
LANCASHIRE HOLDINGS LIMITED 
 
13 May 2022 
 
Hamilton, Bermuda 
 
                          Share Repurchase Programme 
 
Lancashire Holdings Limited (the "Company" or "Lancashire") today announces 
that, further to the announcement made in the Company's Q1 2022 Trading 
Statement dated 28 April 2022, it will commence a share repurchase programme of 
its common shares of US$0.50 each (the "Shares") up to a maximum consideration 
of US$18,777,000 (the "Aggregate Purchase Price") (the "Programme"). 
 
Lancashire announces that it has entered into an instruction to Morgan Stanley 
& Co. International Plc ("Morgan Stanley") in relation to the purchase by 
Morgan Stanley, acting as riskless principal during the period commencing on 16 
May 2022 and ending no later than 24 June 2022, of up to 3,000,000 Shares for 
an aggregate amount of no greater than the Aggregate Purchase Price and the 
simultaneous on-sale of such Shares by Morgan Stanley to Lancashire. 
 
Any purchase of Shares in relation to this announcement will be executed in 
accordance with the relevant regulations (including but not limited to the 
Listing Rules) and Lancashire's general authority, as granted by shareholders 
at Lancashire's AGM held on the 27 April 2022, to make market purchases of 
Shares. Lancashire will announce any market repurchase of Shares no later than 
7.30 a.m. on the business day following the calendar day on which the 
repurchase occurred. Shares purchased under the Programme will be used to 
satisfy a number of future exercises of awards under the Company's Restricted 
Share Scheme. 
 
This announcement does not constitute, or form part of, an offer or any 
solicitation of an offer for securities in any jurisdiction. 
 
See further the "Note Regarding Forward-Looking Statements" below. 
 
For further information, please contact: 
 
Lancashire Holdings Limited 
Christopher Head                    +44 20 7264 4145 
                                    chris.head@lancashiregroup.com 
 
Jelena Bjelanovic                   +44 20 7264 4066 
                                    jelena.bjelanovic@lancashiregroup.com 
 
FTI Consulting                      +44 20 37271046 
 
Edward Berry                        Edward.Berry@FTIConsulting.com 
 
Tom Blackwell                       Tom.Blackwell@FTIConsulting.com 
 
About Lancashire 
 
Lancashire, through its UK and Bermuda-based operating subsidiaries, is a 
provider of global specialty insurance and reinsurance products. 
 
                          Financial     Financial    Long Term 
                          Strength      Strength     Issuer 
                          Rating (1)    Outlook (1)  Rating (2) 
 
A.M. Best                 A (Excellent) Stable       Bbb+ 
 
S&P Global Ratings        A-            Stable       BBB 
 
Moody's                   A3            Stable       Baa2 
 
(1) Financial Strength Rating and Financial Strength Outlook apply to 
Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) 
Limited. 
 
(2) Long Term Issuer Rating applies to Lancashire Holdings Limited. 
 
Lancashire Syndicates Limited benefits from Lloyd's ratings: A.M. Best: A 
(Excellent); S&P Global 
 
Ratings: A+ (Strong); and Fitch: AA- (Very Strong). 
 
Lancashire has capital of approximately $1.8 billion and its common shares 
trade on the premium segment of the Main Market of the London Stock Exchange 
under the ticker symbol LRE. Lancashire has its head office and registered 
office at Power House, 7 Par-la-Ville Road, Hamilton HM 11, Bermuda. 
 
The Bermuda Monetary Authority ("BMA") is the Group Supervisor of the 
Lancashire Group. 
 
For more information, please visit Lancashire's website at 
www.lancashiregroup.com. 
 
The information was submitted for publication, through the agency of the 
contact persons set out above, at 10.15 BST on 13 May 2022. 
 
NOTE REGARDING FORWARD-LOOKING STATEMENTS: 
 
CERTAIN STATEMENTS AND INDICATIVE PROJECTIONS (WHICH MAY INCLUDE MODELLED LOSS 
SCENARIOS) MADE IN THIS RELEASE OR OTHERWISE THAT ARE NOT BASED ON CURRENT OR 
HISTORICAL FACTS ARE FORWARD-LOOKING IN NATURE INCLUDING, WITHOUT LIMITATION, 
STATEMENTS CONTAINING THE WORDS "BELIEVES", "ANTICIPATES", "AIMS", "PLANS", 
"PROJECTS", "FORECASTS", "GUIDANCE", "INTENDS", "EXPECTS", "ESTIMATES", 
"PREDICTS", "MAY", "CAN", "LIKELY", "WILL", "SEEKS", "SHOULD", OR, IN EACH 
CASE, THEIR NEGATIVE OR COMPARABLE TERMINOLOGY. 
 
ALL FORWARD-LOOKING STATEMENTS IN THIS RELEASE SPEAK ONLY AS AT THE DATE OF 
PUBLICATION. LANCASHIRE HOLDINGS LIMITED EXPRESSLY DISCLAIMS ANY OBLIGATION OR 
UNDERTAKING (SAVE AS REQUIRED TO COMPLY WITH ANY LEGAL OR REGULATORY 
OBLIGATIONS INCLUDING THE RULES OF THE LONDON STOCK EXCHANGE) TO DISSEMINATE 
ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENT TO REFLECT ANY 
CHANGES IN THE GROUP'S EXPECTATIONS OR CIRCUMSTANCES ON WHICH ANY SUCH 
STATEMENT IS BASED. ALL SUBSEQUENT WRITTEN AND ORAL FORWARD-LOOKING STATEMENTS 
ATTRIBUTABLE TO THE GROUP OR INDIVIDUALS ACTING ON BEHALF OF THE GROUP ARE 
EXPRESSLY QUALIFIED IN THEIR ENTIRETY BY THIS NOTE. 
 
 
 
END
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May 13, 2022 05:27 ET (09:27 GMT)
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