Lancashire Hld Ltd Transaction in Own Shares
August 11 2022 - 2:00AM
UK Regulatory
TIDMLRE
LANCASHIRE HOLDINGS LIMITED
11 August 2022
Hamilton, Bermuda
TRANSACTIONS IN OWN SHARES
Lancashire Holdings Limited ("the Company") announces today that it has
purchased the following number of its common shares of US$0.50 each (the
"Shares") on the London Stock Exchange from Morgan Stanley & Co. International
Plc. Such purchases were effected pursuant to the instructions issued by the
Company on 2 August 2022, as announced on 5 August 2022*:
Date of purchase: 10 August 2022
Number of Shares purchased: 114,208
Highest price per Share: 467.80p
Lowest price per Share: 443.00p
Average price per Share: 462.26p
Since 8 August 2022, the Company has purchased 241,548 Shares at a cost
(including dealing and other associated costs) of £1,105,247.57.
The Company has 244,010,007 Shares in issue and following the above
transaction, the Company holds 241,548 of its Shares pursuant to a custody
arrangement and has 243,768,459 Shares in issue with voting rights. Shares
repurchased under the programme will be used to satisfy a number of future
exercises of awards under its 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 07.00 BST on 11 August 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. [1]
*The transactions in own shares announcement released to the market on 9 August
2022 and 10 August 2022 respectively are corrected by the dates included
herein.
END
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