Lancashire Hld Ltd Allotment and Issue of New Common Shares to the EBT

 
TIDMLRE 
 
LANCASHIRE HOLDINGS LIMITED 
 
10 December 2020 
 
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 1,500,000 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 11 December 2020. 
 
Following the allotment and issue, the Company's issued share capital consists 
of 244,010,007 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 244,010,007. 
 
The above figure of 244,010,007 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                    [phone] 
                                    [e-mail] 
 
Jelena Bjelanovic                   [phone] 
                                    [e-mail] 
 
FTI Consulting                      [phone] 
 
Edward Berry                        [e-mail] 
 
Tom Blackwell                       [e-mail] 
 
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 $1.8 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 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 12:10 GMT on 10 December 2020. 
 
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 10, 2020 07:13 ET (12:13 GMT)