LANCASHIRE HOLDINGS LIMITED
2 September 2022
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: 1 September 2022
Number of Shares purchased: 102,450
Highest price per Share: 487.40p
Lowest price per Share: 467.00p
Average price per Share: 474.95p
Since 8 August 2022, the Company has purchased 775,962 Shares at a cost (including dealing and other associated costs) of £3,671,093.50.
The Company has 244,010,007 Shares in issue and following the above transaction, the Company holds 775,962 of its Shares pursuant to a custody arrangement and has 243,234,045 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
+44 20 7264 4066
+44 20 37271046
Lancashire, through its UK and Bermuda-based operating subsidiaries, is a provider of global specialty insurance and reinsurance products.
S&P Global Ratings
(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 2 September 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.