Business
Allotment and Issue of Shares to EBT
Allotment and Issue of Shares to EBT.
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n \nLANCASHIRE HOLDINGS LIMITED\n\n13 December 2018\n\nLondon, UK\n\nAllotment and Issue of New Common Shares to the EBT\n\nLancashire Holdings Limited (the “Companyâ€) today announces that it has allotted and issued 600,000 new common shares of US$0.50 each in the capital of the Company (the “New Common Sharesâ€). The New Common Shares have been allotted and issued to the Lancashire Holdings Limited Employee Benefit Trust (“EBTâ€) 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 UK Listing Authority and to trading on the main market of the London Stock Exchange. It is expected that admission will take place on 14 December 2018.\n\nFollowing the allotment and issue, the Company’s issued share capital consists of 201,941,918 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 201,941,918.\n\nThe above figure of 201,941,918 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.\n\nFor further information, please contact:\n\n\n\nLancashire Holdings LimitedChristopher Head\n+44 20 7264 [email protected]\n\n\n\nJelena Bjelanovic\n+44 20 7264 [email protected]\n\n\n\nHaggie Partners\n+44 20 7562 4444\n\n\n\nDavid Haggie\[email protected]\n\n\n\nAbout Lancashire\n\nLancashire, through its UK and Bermuda-based operating subsidiaries, is a global provider of specialty insurance and reinsurance products. The Group companies carry the following ratings:\n\n\n\n\nFinancial Strength Rating (1)\nFinancial Strength Outlook (1)\nLong Term Issuer Rating (2)\n\n\n\nA.M. Best\nA (Excellent)\nStable\nbbb+ \n\n\n\nS&P Global Ratings\nA-\nStable\nBBB\n\n\n\nMoody’s\nA3\nStable\nBaa2\n\n\n\n(1) Financial Strength Rating and Financial Strength Outlook apply to Lancashire Insurance Company Limited and Lancashire Insurance Co...