Business
Transaction in Own Shares - Allotment of Shares...
Transaction in Own Shares - Allotment of Shares....
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n \nLANCASHIRE HOLDINGS LIMITED\n\n24 December 2015\n\nLondon, UK\n\n Transaction in Own Shares – Allotment of Shares to EBT\n\nLancashire Holdings Limited (the “Companyâ€) announces that it has today received confirmation of the allotment of 1,000,000 common shares from the blocklisting admitted to the official list on 3 April 2009. The allotment of the 1,000,000 common shares was made to the Lancashire Holdings Limited Employee Benefit Trust at the par value price of US$0.50 per share, in order to satisfy future exercises of awards granted to beneficiaries under the rules of the Company’s share plans.\n\nThe allotment and issue of shares for the purpose of satisfying the Company’s obligations under the Restricted Share Scheme was authorised at a meeting of the Company’s Board of Directors on 30 April 2014.\n\nFollowing this issue and allotment, the Company’s issued share capital consists of 201,341,918 common shares of US$0.50 each, of which 1,841,526 common shares are held in treasury. Therefore, the total number of common shares in issue with voting rights (excluding shares held in treasury) is 199,500,392.\n\nThe above figure of 199,500,392 may be used by shareholders as the denominator for the calculation of notifications of shareholder interests in the Company required under the Financial Conduct Authority's Disclosure Rules 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\nJonny Creagh-Coen\n+44 20 7264 [email protected]\n\n\n\n\n\n\n\n\nHaggie Partners\n+44 20 7562 4444\n\n\n\nDavid Haggie\n(David Haggie mobile +44 7768332486)\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\n\nA.M. Best\nA (Excellent)\nStable\nbbb \n\n\n\n\nStandard & Poor’s\nA-\nStable\nBBB\n\n\n\n\nMoody’s\nA3\nStable\nBaa2\n\n\n\n\n(1)Financial Strength Rating and Financial Strength Outlook apply to Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited.\n\n(2) Long Term Issuer Rat...