LANCASHIRE HOLDINGS LIMITED
June 8, 2022
Share buyback program
Lancashire Holdings Limited (“the Company” or “Lancashire”) today announces that it has purchased the following number of its common shares from $0.50 each (the “Shares”) on the London Stock Exchange of Morgan Stanley & Co. International Plc. These purchases were made in accordance with the instructions issued by the Company on May 12, 2022as announced the next day:
Date of purchase: June 7, 2022.
Number of Shares purchased: 24,234.
Highest price per share: 392.80p.
Lowest price per share: 385.60p.
Average price per Share: 388.61p.
Since May 16, 2022the Company purchased 983,417 Shares at a cost (including trading and other associated costs) of £3,940,281.85.
The Company has 244,010,007 Shares outstanding. As a result of the above transaction, the Company holds 983,417 of its Shares under a custodial agreement and has 243,026,590 Shares outstanding with voting rights. Shares purchased under the program will be used to satisfy a certain number of future exercises of awards under its restricted stock plan.
This announcement does not constitute or form part of an offer or any solicitation of an offer of securities in any jurisdiction.
See “Note Regarding Forward-Looking Statements” below.
For more information, please contact:
|Lancashire Holdings Limited
|+44 20 7264 4145
|Jelena Bjelanovic||+44 20 7264 4066
|FTI Council||+44 20 37271046|
|Edward Berry||[email protected]|
|Tom Blackwell||[email protected]|
Lancashire, across its UK and Bermudais a global provider of specialty insurance and reinsurance products.
|AM Best||A (Excellent)||Stable||Bbb+|
|S&P Global Ratings||A-||Stable||BBB|
(1) Financial strength rating and financial strength outlook apply to Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited.
(2) Long-term issuer rating applies to Lancashire Holdings Limited.
Lancashire Syndicates Limited has Lloyd’s ratings: AM Best: A (Excellent); S&P Global Ratings: A+ (strong); and Fitch: AA- (very strong).
Lancashire has a capital of approximately $1.8 billion and its ordinary shares trade on the premium segment of the main market of the London Stock Exchange under the symbol LRE. Lancashire has its registered office and registered office at Power House, 7 Par-la-Ville Road, Hamilton HM 11, Bermuda.
The Bermuda Monetary Authority (“BMA”) is the group supervisor of the Lancashire Group.
For more information, please visit the Lancashire website at www.lancashiregroup.com.
The information was submitted for publication, through the contact persons listed above, at 07:00 BST on June 8, 2022.
NOTE REGARDING FORWARD-LOOKING STATEMENTS:
CERTAIN GUIDANCE STATEMENTS AND PROJECTIONS (WHICH MAY INCLUDE MODELED LOSS SCENARIOS) MADE IN THIS RELEASE OR OTHERWISE THAT ARE NOT BASED ON CURRENT OR HISTORICAL FACTS ARE FORWARD-LOOKING IN NATURE, INCLUDING, WITHOUT LIMITATION, STATEMENTS CONTAINING THE WORDS “BELIEVES”, “ANTICIPATES”, “OBJECTIVES”, “PLANS”, “PROJECTS”, “FORECASTS”, “ORIENTATION”, “INTENDS”, “EXPECTS”, “ESTIMATE”, “PREDICTS”, “CAN “, “MAY”, “LIKELY”, “WILL”, “SEEKS”, “SHOULD”, OR, IN EACH CASE, THEIR NEGATIVE OR COMPARABLE TERMINOLOGY.
ALL FORWARD-LOOKING STATEMENTS IN THIS PRESS RELEASE ARE SPECIFIC ONLY AS OF THE DATE OF RELEASE. LANCASHIRE HOLDINGS LIMITED EXPRESSLY DISCLAIMS ANY OBLIGATION OR COMMITMENT (EXCEPT AS NECESSARY TO COMPLY WITH ANY LEGAL OR REGULATORY OBLIGATION, INCLUDING THE RULES OF THE LONDON STOCK EXCHANGE) TO DISSEMINATE ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENT TO REFLECT ANY CHANGES IN GROUP EXPECTATIONS OR CIRCUMSTANCES ON WHICH SUCH STATEMENT IS BASED. ALL SUBSEQUENT WRITTEN AND ORAL FORWARD-LOOKING STATEMENTS ATTRIBUTABLE TO THE GROUP OR TO INDIVIDUALS ACTING ON BEHALF OF THE GROUP ARE EXPRESSLY QUALIFIED IN THEIR ENTIRETY BY THIS NOTE.