Business
Notice of Share Repurchase Programme
Notice of Share Repurchase Programme.
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n \n LANCASHIRE HOLDINGS LIMITED\n 12 November 2021\n Hamilton, Bermuda\n Share Repurchase Programme\n Lancashire Holdings Limited (the “Company” or “Lancashire”) today announces that, further to the announcement made in the Company’s Q3 2021 Trading Statement dated 4 November 2021, 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$7,462,000 (the “Aggregate Purchase Price”) (the “Programme”).\n Lancashire announces that it has entered into an instruction to Morgan Stanley & Co. International Plc (“MorganStanley”) in relation to the purchase by Morgan Stanley, acting as riskless principal during the period commencing on 15 November 2021 and ending no later than 10 December 2021, of 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.\n 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 28 April 2021, 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.\n This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.\n See further the “Note Regarding Forward-Looking Statements” below. \n For further information, please contact:\n \n \n \n Lancashire Holdings Limited\n \n Christopher Head\n \n \n +44 20 7264 4145\n [email protected]\n \n \n Jelena Bjelanovic\n +44 20 7264 4066\n [email protected]\n \n \n \n FTI Consulting\n \n +44 20 37271046\n \n \n Edward Berry\n [email protected]\n \n \n Tom Blackwell\n [email protected]\n \n \n About Lancashire\n Lancashire, through its UK and Bermuda-based operating subsidiaries, is a provider of global specialty insurance and reinsurance products.\n \n \n \n \n Financial\n \n Stren...