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LANCASHIRE HOLDINGS LIMITED - Exercise of Warrants
Hamilton, Bermuda – 11 July, 2014 – Lancashire Holdings Limited (“Lancashire” or “the Company” or the “Group”; Ticker: LHL.BH) has applied for 2,829,210 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 today pursuant to exercises of warrants to purchase the Company’s common shares at an exercise price of US$5.00. It is expected that admission will be effective and dealings will commence with effect from 15 July 2014.
Following the issue of the New Shares, the Company’s issued share capital consists of 192,112,598 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 190,204,510.
The above figure of 190,204,510 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 contact:
Lancashire Holdings Limited
Christopher Head
+44 20 7264 4145
chris.head@lancashiregroup.com
Jonny Creagh-Coen
+44 20 7264 4066
Haggie Partners
+44 20 7562 4444
Peter Rigby
(Peter Rigby mobile +44 7803851426)
About Lancashire
Lancashire has capital in excess of $1.5 billion and its common shares trade on the premium segment of the Main Market of the London Stock Exchange under the ticker symbol LRE. Lancashire has its corporate headquarters and mailing address at Level 11, Vitro, 60 Fenchurch Street, London EC3M 4AD, United Kingdom and its registered office at Power House, 7 Par-la-Ville Road, Hamilton HM 11, Bermuda.
For more information on Lancashire, visit the Company’s website at www.lancashiregroup.com
Lancashire Insurance Company Limited is regulated by the Bermuda Monetary Authority in Bermuda.
Lancashire Insurance Company (UK) Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK.
Kinesis Capital Management Limited is regulated by the Bermuda Monetary Authority in Bermuda.
For more information on Lancashire’s subsidiary and Lloyd’s segment, Cathedral Capital Limited (“Cathedral”), visit Cathedral’s website at www.cathedralcapital.com