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LANCASHIRE HOLDINGS LIMITED - Exercise of Warrants and Issue of Equity
Hamilton, Bermuda – 19 June, 2014 – Lancashire Holdings Limited (“Lancashire” or “the Company” or the “Group”; Ticker: LHL.BH) has applied for 1,759,974 new common shares of US$0.50 each in the Company (“New Shares”) to be admitted to the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange plc. The New Shares were issued and allotted on 16 June 2014 pursuant to exercises of warrants to purchase the Company’s common shares at exercise prices of US$5.00, US$3.90, and US$2.60 respectively. It is expected that admission will be effective and dealings will commence with effect from 20 June 2014.
Following the issue of the New Shares, the Company’s issued share capital consists of 189,283,388 common shares of US$0.50 each, of which 1,908,088 common shares are held in Treasury. Therefore, the total number of Common Shares in issue with voting rights (excluding shares held in Treasury) is 187,375,300.
The above figure of 187,375,300 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 Rules and Transparency Rules.
For further information please visit our website www.lancashiregroup.com or contact:
Lancashire Holdings Limited
Christopher Head
Tel: +44 20 7264 4145
chris.head@lancashiregroup.com
Jonny Creagh-Coen
Tel: +44 20 7264 4066
Haggie Partners +44 20 7562 4444
Peter Rigby (Peter Rigby mobile +44 7803851426)