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Share Name Share Symbol Market Type Share ISIN Share Description
Lancashire Holdings Limited LSE:LRE London Ordinary Share BMG5361W1047 COM SHS USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.08% 644.50 644.50 645.50 649.00 643.00 648.00 5,607 09:08:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 403.4 4.3 1.5 400.1 1,573

Lancashire Hld Ltd Transaction in Own Shares

11/11/2022 5:16pm

UK Regulatory (RNS & others)


 
TIDMLRE 
 
LANCASHIRE HOLDINGS LIMITED 
 
11 November 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 Q3 2022 Trading 
Statement dated 3 November 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$14,730,000 (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 14 
November 2022 and ending no later than 30 December 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. 
 
Lancashire's 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. 
 
This release contains information which may be of a price sensitive nature, 
that Lancashire is making public in a manner consistent with the UK Market 
Abuse Regulation and other regulatory obligations. The information was 
submitted for publication, through the agency of the contact persons set out 
above, at 17:20 GMT on 11 November 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 
 
 

(END) Dow Jones Newswires

November 11, 2022 12:16 ET (17:16 GMT)

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