Business
Issue of Equity
Issue of Equity.
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n \n LANCASHIRE HOLDINGS LIMITED \n\n10 July 2014\nLondon, UK\n\n Exercise of Warrants and issue of equity \n\nLancashire Holdings Limited (the \"Company\") has today applied for 2,829,210 new\ncommon shares of US$0.50 each in the Company (\"New Shares\") to be admitted to\nthe Official List of the UK Listing Authority and to trading on the Main Market\nof the London Stock Exchange plc. The New Shares were issued and allotted today\npursuant to exercises of warrants to purchase the Company's common shares at an\nexercise price of US$5.00. It is expected that admission will be effective and\ndealings will commence with effect from 15 July 2014.\n\nFollowing the issue of the New Shares, the Company's issued share capital\nconsists of 192,112,598 common shares of US$0.50 each, of which 1,908,088\ncommon shares are held in Treasury. Therefore, the total number of Common\nShares in issue with voting rights (excluding shares held in Treasury) is\n190,204,510.\n\nThe above figure of 190,204,510 may be used by shareholders as the denominator\nfor the calculations by which they will determine if they are required to\nnotify their interest in, or a change to their interest in, the Company under\nthe Financial Conduct Authority's Disclosure Rules and Transparency Rules.\n\nFor further information, please contact:\n\nLancashire Holdings Limited \n \nChristopher Head +44 20 7264 4145\n [email protected] \n \nJonny Creagh-Coen +44 20 7264 4066 \n [email protected] \n \nHaggie Partners +44 20 7562 4444 \n \nPeter Rigby (Peter Rigby mobile +44 7803851426) \n\nAbout Lancashire\n\nLancashire, through its UK and Bermuda-based operating subsidiaries, is a\nglobal provider of specialty insurance and reinsurance products. The Group\ncompanies carry the following ratings:\n\n Financial Financial Long Term \n Strength Strength Issuer \n \n Rating (1) Outlook(1) Rating (2) \n \nA.M. Best A (Excellent) Stable bbb \n \nStandard & Poor's A- Stable BBB \n \nMoody's A3 Stable Baa2 \n\n(1)Financial Strength Rating and Financial Strength Outlook apply to Lancashire\nInsurance Company Limited and Lancashire Insurance Company (UK) Limited.\n\n(2) Long Term Issuer Rating applies to Lancashire Holdings Limited.\n\nNB: Cathedral benefits from Lloyd's ratings: A.M. Best: A (Excellent); Standard\n& Poor's: A+ (Strong); and Fitch: AA-(Very ...