Press releases
2007
Director's Dealing
28 Nov 2007
Lancashire Holdings Limited (“Lancashire”) has today been advised that Jens Juul, a non-executive director of Lancashire, has purchased 10,000 common shares of par value US$0.50 each of Lancashire. Mr. Juul joined the Lancashire Board of Directors on November 16th, 2007 and this acquisition represents his entire shareholding in Lancashire.
Lancashire has also received notice from Capital Z Lancashire Holdings, LLC of its desire to assign certain warrants to purchase Lancashire’s common shares of par value US$0.50 each of Lancashire at an exercise price of $5.00 per common share, which were granted at the time of Lancashire's admission to AIM, to its members. As part of the assignment, Robert Spass, a non executive director of Lancashire, received 1,549,135 warrants. The transfer is for no consideration and is a routine distribution to Robert Spass as a member of Capital Z Lancashire Holdings, LLC and his beneficial interest in the warrants has not changed. Robert Spass also holds 272,500 common shares of par value US$0.50 each of Lancashire.
For further information, please contact:
Lancashire Holdings Limited +1 441 278 8950
Greg Lunn
Financial Dynamics +44 20 7269 7200
Rob Bailhache
Nick Henderson
Kekst & Company Inc.
Michael Herley +1 212 521 4897
Mark Semer +1 212 521 4802
About Lancashire
Lancashire, through its UK and Bermuda-based insurance subsidiaries, is a global provider
of specialty insurance products. Its insurance subsidiaries carry the Lancashire group rating
of A minus (Excellent) from A.M. Best with a stable outlook. Lancashire has capital in
excess of $1 billion dollars and its Common Shares trade on AIM under the ticker symbol
LRE. Lancashire is headquartered at Mintflower Place, 8 Par-La-Ville Road, Hamilton HM
08, Bermuda. The mailing address is Lancashire Holdings Limited, P.O. Box HM 2358,
Hamilton HM HX, Bermuda. For more information on Lancashire, visit the company's
website at www.lancashiregroup.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
CERTAIN STATEMENTS MADE IN THIS ANNOUNCEMENT THAT ARE NOT BASED ON CURRENT OR HISTORICAL FACTS ARE FORWARD-LOOKING IN NATURE INCLUDING, WITHOUT LIMITATION, STATEMENTS CONTAINING WORDS 'BELIEVES', 'ANTICIPATES', 'PLANS', 'PROJECTS', 'INTENDS', 'EXPECTS', 'ESTIMATES', 'PREDICTS', 'MAY','WILL', 'SEEKS', 'SHOULD' OR, IN EACH CASE, THEIR NEGATIVE OR COMPARABLE TERMINOLOGY. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACTS INCLUDING, WITHOUT LIMITATION, THOSE REGARDING THE GROUP'S FINANCIAL POSITION, RESULTS OF OPERATIONS, LIQUIDITY, PROSPECTS, GROWTH, BUSINESS STRATEGY, PLANS AND OBJECTIVES OF MANAGEMENT FOR FUTURE OPERATIONS (INCLUDING DEVELOPMENT PLANS AND OBJECTIVES RELATING TO THE GROUP'S INSURANCE BUSINESS) ARE FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER IMPORTANT FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE GROUP TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. THESE FORWARDLOOKING STATEMENTS SPEAK ONLY AS AT THE DATE OF THIS ANNOUNCEMENT OR OTHER INFORMATION CONCERNED. LANCASHIRE HOLDINGS LIMITED EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING (SAVE AS REQUIRED TO COMPLY WITH ANY LEGAL OR REGULATORY OBLIGATIONS (INCLUDING THE AIM RULES)) TO DISSEMINATE ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENTS CONTAINED HEREIN TO REFLECT ANY CHANGES IN THE GROUP'S EXPECTATIONS WITH REGARD THERETO OR ANY CHANGE IN EVENTS, CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT IS BASED.