Lancashire Hld Ltd Allotment and Issue of New Common Shares to the EBT
04 Dicembre 2019 - 12:30PM
UK Regulatory
TIDMLRE
LANCASHIRE HOLDINGS LIMITED
4 December 2019
Hamilton, Bermuda
Allotment and Issue of New Common Shares to the EBT
Lancashire Holdings Limited (the "Company") today announces that it has
allotted and issued 1,000,000 new common shares of US$0.50 each in the capital
of the Company (the "New Common Shares"). The New Common Shares have been
allotted and issued to the Lancashire Holdings Limited Employee Benefit Trust
("EBT") at the par value of US$0.50 each, in order to satisfy future exercises
of awards granted to beneficiaries under the rules of the Company's Restricted
Share Scheme. Applications have been made for the New Common Shares to be
admitted to the premium listing segment of the Official List of the FCA and to
trading on the main market of the London Stock Exchange. It is expected that
admission will take place on 5 December 2019.
Following the allotment and issue, the Company's issued share capital consists
of 202,941,918 common shares of US$0.50 each. As no common shares are currently
held in Treasury, the total number of common shares in issue with voting rights
is 202,941,918.
The above figure of 202,941,918 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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.
Lancashire has capital of approximately $1.4 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 is the Group Supervisor of the Lancashire Group.
For more information, please visit Lancashire's website at
www.lancashiregroup.com.
This release contains information, which may be of a price sensitive nature
that Lancashire is making public in a manner consistent with the EU Market
Abuse Regulation and other regulatory obligations. The information was
submitted for publication, through the agency of the contact persons set out
above, at 11:30 GMT on 4 December 2019.
NOTE REGARDING FORWARD-LOOKING STATEMENTS:
ALL FORWARD-LOOKING STATEMENTS IN THIS ANNOUNCEMENT OR OTHERWISE SPEAK ONLY AS
AT THE DATE OF PUBLICATION. LANCASHIRE 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
(END) Dow Jones Newswires
December 04, 2019 06:30 ET (11:30 GMT)
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