Business
Publication of Circular and Notice of SGM
Publication of Circular and Notice of SGM.
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n \nRNS Number : 3296L Lancashire Holdings Limited 09 August 2013 \n \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.\nLANCASHIRE HOLDINGS LIMITED\n8 August 2013\nLondon, UK\n \nLancashire Announces Publication of Circular and Posting of Notice of Special General Meeting\nOn 7 August 2013 the board of directors (the \"Board\") of Lancashire Holdings Limited (\"Lancashire\" or the \"Company\") announced that it has entered into conditional agreements to acquire the entire issued and to be issued share capital of Cathedral Capital Limited (\"Cathedral\"), a privately owned Lloyd's insurer, from Alchemy Partners and Cathedral management, together with loan notes issued by Cathedral's subsidiary, Cathedral Capital (Investments) Limited for a net consideration of £266 million (the \"Acquisition\").\nIn connection with the Acquisition, the Company announces that the shareholder circular (the \"Circular\") containing, amongst other things, details of the Acquisition, will be made available to shareholders on Lancashire's website today and is being posted to shareholders. \nA copy of the Circular is available to download from Lancashire's website at www.lancashiregroup.com and will be available to view via the National Storage Mechanism which is located at http://www.hemscott.com/nsm.do. \nThe Circular contains a notice of a Special General Meeting (\"SGM\") to be held on Thursday 5 September 2013 commencing at 11 a.m. (UK time) at Level 11, Vitro, 60 Fenchurch Street, London EC3M 4AD, United Kingdom. The meeting is being called to consider and, if thought fit, pass a resolution to approve the Acquisition. Shareholders entered on the register of members at 5:00pm (UK time) on 2 August 2013 are entitled to attend and vote at the meeting (either in person or by proxy).\nSubject to the resolution being duly passed, it is anticipated subject to satisfaction of other conditions that the Acquisition will be completed by the end of December 2013. If this expectation changes, the Company will give notice of the change in an announcement through a regulatory information service.\nFor further information, please contact:\n \nLancashire Holdings Limited\nChristopher Head &n...