Business
Transaction in Own Shares during Close Period
Transaction in Own Shares during Close Period.
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n \n LANCASHIRE HOLDINGS LIMITED \n\n4 January 2010\nHamilton, Bermuda\n\n Transaction in own shares during close period \n\nLancashire Holdings Limited (\"the Company\"), announces that, as the Company is\nentering a close period, in connection with its share buy-back programme which\nwas approved by the shareholders at the 2010 Annual General Meeting held on 4\nMay 2010 (the \"Repurchase Programme\") the Company has entered into an\nirrevocable non-discretionary arrangement with Numis Securities Limited\n(\"Numis\") to repurchase on its behalf and within certain pre-set parameters,\nCommon Shares of US$0.50 each in the Company from 31 December 2010 until the\nearlier of the completion of the Repurchase Programme or the Company's\nannouncement of its annual results for the year ended 31 December 2010.\n\nNumis has been granted the authority to repurchase shares up to an aggregate\nvalue, including costs, of $25 million. The repurchased shares will be\ncancelled.\n\nThis arrangement is in accordance with Rules 12.2.1R and 12.4.4R of the Listing\nRules and the Company's general authority to repurchase shares.\n\nThe Company confirms that it currently has no unpublished price sensitive\ninformation.\n\nFor further information, please contact:\n\nLancashire Holdings \n \nGreg Lunn +1 441 505 8953 \n [email protected] \n \nJonny Creagh-Coen +44 (0)20 7264 4066 \n [email protected] \n \nNumis Securities Limited +44 (0)20 7260 1000 \nCharles Farquhar \n \nHaggie Financial +44 (0)20 7417 8989 \nPeter Rigby (Peter Rigby mobile 07803851426) \nCharlotte Ens \n\nThis announcement does not constitute an invitation or offer to buy any\nsecurities of the Company. None of the securities referred to in this\nannouncement shall be sold, issued, exchanged or transferred in any\njurisdiction in contravention of applicable laws.\n\nNumis Securities Limited, which is regulated in the United Kingdom by the\nFinancial Services Authority, is acting exclusively for Lancashire Holdings\nLimited and no one else in relation to the Repurchase Programme, will not\nregard any other person as a client in relation to the Repurchase Programme and\nwill not be responsible to anyone other than Lancashire Holdings Limited for\nproviding the protections afforded to Lancashire Holdings Limited nor for\nproviding advice in relation to ...