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Treasury Stock
Treasury Stock.
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n \nLANCASHIRE HOLDINGS LIMITED\n\n6 December 2017\n\nLondon, UK\n\n Treasury Shares - Transfer\n\nIn accordance with Listing Rule 12.6.4, Lancashire Holdings Limited (the “Companyâ€) announces that on 6 December 2017 it received confirmation that the transfer of 914,523 common shares from Treasury to the Lancashire Holdings Limited Employee Benefit Trust took place in order to satisfy future exercises of awards granted to beneficiaries under the rules of the Company’s share plans.\n\nThe transfer of common shares from treasury to satisfy the Company’s obligations under various plans was authorised at a meeting of the Company’s Board of Directors on 11 February 2015.\n\nFollowing this transfer, the Company’s issued share capital consists of 201,341,918 common shares of US$0.50 each. With no common shares now held in treasury; the total number of common shares in issue with voting rights is 201,341,918.\n\nThe above figure of 201,341,918 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance 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\nA.M. Best\nA (Excellent)\nStable\nbbb \n\n\n\nS&P Global Ratings\nA-\nPositive\nBBB\n\n\n\nMoody’s\nA3\nStable\nBaa2\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 Rating applies to Lancashire Holdings Limited.\n\nCathedral benefits from Lloyd’s ratings: A.M. Best: A (Excellent); S&P Global Ratings: A+ (Strong); and F...