LRE Lancashire Holdings Limited

 
TIDMLRE 
 
Share Repurchase Programme 
 
LANCASHIRE HOLDINGS LIMITED 
 
22 November 2023 
 
Hamilton, Bermuda 
 
Share Repurchase Programme 
 
Lancashire Holdings Limited (the "Company" or "Lancashire") today announces 
that, further to the announcement made in the Company's Q3 2023 Trading 
Statement dated 9 November 2023, it will commence a share repurchase programme 
of its common shares of US$0.50 each (the "Shares") up to a maximum 
consideration of US$50,000,000 (the "Aggregate Purchase Price") (the 
"Programme"). 
 
Lancashire announces that it has entered into an instruction to Morgan Stanley & 
Co. International Plc ("Morgan Stanley") in relation to the purchase by Morgan 
Stanley, acting as riskless principal during the period commencing on 22 
November 2023 and ending no later than 29 February 2024, of up to 24,401,000 
Shares for an aggregate amount of no greater than the Aggregate Purchase Price 
and the simultaneous on-sale of such Shares by Morgan Stanley to Lancashire. 
 
Any purchase of Shares in relation to this announcement will be executed in 
accordance with the relevant regulations (including but not limited to the 
Listing Rules) and Lancashire's general authority, as granted by shareholders at 
Lancashire's AGM held on the 26 April 2023, to make market purchases of Shares. 
Lancashire will announce any market repurchase of Shares no later than 7:30am on 
the business day following the day on which the repurchase occurred. Shares 
purchased under the Programme will either be used to satisfy a number of future 
exercises of awards under the Company's Restricted Share Scheme; or will be held 
in treasury; or will be cancelled. 
 
This announcement does not constitute, or form part of, an offer or any 
solicitation of an offer for securities in any jurisdiction. 
 
See further the "Note Regarding Forward-Looking Statements" below. 
 
For further information, please contact: 
 
Lancashire Holdings Limited 
Christopher Head             +44 20 7264 4145 
                             chris.head@lancashiregroup.com 
Jelena Bjelanovic            +44 20 7264 4066 
                             jelena.bjelanovic@lancashiregroup.com 
FTI Consulting               +44 20 37271046 
Edward Berry                 Edward.Berry@FTIConsulting.com 
Tom Blackwell                Tom.Blackwell@FTIConsulting.com 
 
About Lancashire 
 
Lancashire, through its UK and Bermuda-based operating subsidiaries, is a 
provider of global specialty insurance and reinsurance products. 
 
Lancashire's common shares trade on the premium segment of the Main Market of 
the London Stock Exchange under the ticker symbol LRE. Lancashire has its head 
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 Lancashire's website at 
www.lancashiregroup.com. 
 
This release contains information which may be of a price sensitive nature, that 
Lancashire is making public in a 
 
manner consistent with the UK Market Abuse Regulation and other regulatory 
obligations. The information was submitted for publication, through the agency 
of the contact persons set out above, at 7:00am GMT on 22 November 2023. 
 
NOTE REGARDING FORWARD-LOOKING STATEMENTS: 
 
CERTAIN STATEMENTS AND INDICATIVE PROJECTIONS (WHICH MAY INCLUDE MODELLED 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", "AIMS", "PLANS", 
"PROJECTS", "FORECASTS", "GUIDANCE", "INTENDS", "EXPECTS", "ESTIMATES", 
"PREDICTS", "MAY", "CAN", "LIKELY", "WILL", "SEEKS", "SHOULD", OR, IN EACH CASE, 
THEIR NEGATIVE OR COMPARABLE TERMINOLOGY. 
 
ALL FORWARD-LOOKING STATEMENTS IN THIS RELEASE SPEAK ONLY AS AT THE DATE OF 
PUBLICATION. LANCASHIRE HOLDINGS LIMITED EXPRESSLY DISCLAIMS ANY OBLIGATION OR 
UNDERTAKING (SAVE AS REQUIRED TO COMPLY WITH ANY LEGAL OR REGULATORY OBLIGATIONS 
INCLUDING THE RULES OF THE LONDON STOCK EXCHANGE) TO DISSEMINATE ANY UPDATES OR 
REVISIONS TO ANY FORWARD-LOOKING STATEMENT TO REFLECT ANY CHANGES IN THE GROUP'S 
EXPECTATIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT IS BASED. ALL 
SUBSEQUENT WRITTEN AND ORAL FORWARD-LOOKING STATEMENTS ATTRIBUTABLE TO THE GROUP 
OR INDIVIDUALS ACTING ON BEHALF OF THE GROUP ARE EXPRESSLY QUALIFIED IN THEIR 
ENTIRETY BY THIS NOTE. 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

November 22, 2023 02:00 ET (07:00 GMT)

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