THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION.
LEI: 5493002UNUYXLHOWF752
For immediate release
NOTICE OF REDEMPTION
to the holders of
LANCASHIRE HOLDINGS
LIMITED
(the “Issuer”)
$130,000,000 5.70% Senior Notes
due 2022
(the “Notes”)
CUSIP Nos.: Regulation S – G5361WAA2
and Rule 144A – 513774AA7
ISIN Nos.: Regulation S – USG5361WAA20 and Rule 144A –
US513774AA79
12 April 2021
Hamilton, Bermuda
The Issuer has today given notice to holders of the outstanding
Notes of the Issuer that, in accordance with the terms of the
Notes, the Issuer has decided to redeem all of its outstanding
Notes on 13 May 2021 (the
“Redemption Date”). Citibank, N.A. acts as paying agent
under the Notes.
The redemption price payment will be made in accordance with the
terms of the Notes. Notice of the redemption price will be given to
holders of the outstanding Notes on or around the second trading
day prior to the Redemption Date. All terms of the Notes remain
unchanged until redemption.
To view the notice, please click on the link below:
https://mma.prnewswire.com/media/1484670/Notice_of_Redemption.pdf
The Issuer will request the Financial Conduct Authority to
cancel the listing of the Notes and the London Stock Exchange plc
to cancel the admission to trading of the Notes on or shortly after
the Redemption Date.
For further information, please contact:
Lancashire Holdings Limited
Christopher
Head
+44 20 7264 4145
Group Company
Secretary
chris.head@lancashiregroup.com
Jelena
Bjelanovic
+44 20 7264 4066
Group Head of Investor
Relations
jelena.bjelanovic@lancashiregroup.com
This release contains information, which may be of a price
sensitive nature, that the Issuer is making public in a manner
consistent with the Market Abuse Regulation (EU) No 596/2014
(“EU MAR”) in the European Economic Area, EU MAR as it
forms part of the domestic law of the U.K. by virtue of the
European Union (Withdrawal) Act 2018 (as amended, including by the
European Union (Withdrawal Agreement) Act 2020) and other
regulatory obligations.
The information was submitted for publication, through the
agency of the contact persons set out above, at 07:00 BST on 12 April
2021.
IMPORTANT NOTICES
Certain statements contained in this announcement constitute
“forward-looking statements” with respect to the Issuer and its
subsidiary undertakings (the “Group”). All statements other
than statements of historical facts included in this announcement
are, or may be deemed to be, forward-looking statements. Without
limitation, any statements preceded or followed by or that include
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 and similar
statements are of a future or forward-looking nature. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause the
actual results, performance or achievements of the Group to be
materially different from future results, performance or
achievements expressed or implied by such forward-looking
statements. For a description of some of these factors, see the
Issuer’s annual report and accounts for the year ended 31 December 2020 (the “Annual Report and
Accounts”). In addition to those factors contained in the
Annual Report and Accounts, any forward-looking statements
contained in this announcement may be affected by the impact of the
ongoing COVID-19 pandemic on the Group’s clients, the debt capital
markets, the securities in the Group’s investment portfolio and on
global financial markets generally, as well as any governmental or
regulatory changes or judicial interpretations, including policy
coverage issues arising therefrom. For the avoidance of doubt,
nothing in this announcement constitutes a notice of redemption of
any other existing indebtedness.