28th Nov 2007 14:56
Lancashire Holdings Limited28 November 2007 LANCASHIRE HOLDINGS LIMITED Hamilton, Bermuda, 28 November 2007 DIRECTOR'S DEALING Lancashire Holdings Limited ("Lancashire") has today been advised that JensJuul, a non-executive director of Lancashire, has purchased 10,000 common sharesof par value US$0.50 each of Lancashire. Mr. Juul joined the Lancashire Boardof Directors on November 16th, 2007 and this acquisition represents his entireshareholding in Lancashire. Lancashire has also received notice from Capital Z Lancashire Holdings, LLC ofits desire to assign certain warrants to purchase Lancashire's common shares ofpar value US$0.50 each of Lancashire at an exercise price of $5.00 per commonshare, which were granted at the time of Lancashire's admission to AIM, to itsmembers. As part of the assignment, Robert Spass, a non executive director ofLancashire, received 1,549,135 warrants. The transfer is for no considerationand is a routine distribution to Robert Spass as a member of Capital ZLancashire Holdings, LLC and his beneficial interest in the warrants has notchanged. Robert Spass also holds 272,500 common shares of par value US$0.50 eachof Lancashire. For further information, please contact: Lancashire Holdings Limited +1 441 278 8950Greg Lunn Financial Dynamics +44 20 7269 7200Rob BailhacheNick Henderson Kekst & Company Inc.Michael Herley +1 212 521 4897Mark Semer +1 212 521 4802 About Lancashire Lancashire, through its UK and Bermuda-based insurance subsidiaries, is a globalprovider of specialty insurance products. Its insurance subsidiaries carry theLancashire group rating of A minus (Excellent) from A.M. Best with a stableoutlook. Lancashire has capital in excess of $1 billion dollars and its CommonShares trade on AIM under the ticker symbol LRE. Lancashire is headquartered atMintflower Place, 8 Par-La-Ville Road, Hamilton HM 08, Bermuda. The mailingaddress is Lancashire Holdings Limited, P.O. Box HM 2358, Hamilton HM HX,Bermuda. For more information on Lancashire, visit the company's website atwww.lancashiregroup.com. NOTE REGARDING FORWARD-LOOKING STATEMENTS CERTAIN STATEMENTS MADE IN THIS ANNOUNCEMENT THAT ARE NOT BASED ON CURRENT ORHISTORICAL 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 STATEMENTSOTHER THAN STATEMENTS OF HISTORICAL FACTS INCLUDING, WITHOUT LIMITATION, THOSEREGARDING THE GROUP'S FINANCIAL POSITION, RESULTS OF OPERATIONS, LIQUIDITY,PROSPECTS, GROWTH, BUSINESS STRATEGY, PLANS AND OBJECTIVES OF MANAGEMENT FORFUTURE OPERATIONS (INCLUDING DEVELOPMENT PLANS AND OBJECTIVES RELATING TO THEGROUP'S INSURANCE BUSINESS) ARE FORWARD-LOOKING STATEMENTS. SUCHFORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES ANDOTHER IMPORTANT FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE ORACHIEVEMENTS OF THE GROUP TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS,PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKINGSTATEMENTS. THESE FORWARD-LOOKING STATEMENTS SPEAK ONLY AS AT THE DATE OF THISANNOUNCEMENT OR OTHER INFORMATION CONCERNED. LANCASHIRE HOLDINGS LIMITEDEXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING (SAVE AS REQUIRED TO COMPLYWITH ANY LEGAL OR REGULATORY OBLIGATIONS (INCLUDING THE AIM RULES)) TODISSEMINATE ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENTS CONTAINEDHEREIN TO REFLECT ANY CHANGES IN THE GROUP'S EXPECTATIONS WITH REGARD THERETO ORANY CHANGE IN EVENTS, CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT ISBASED. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lancashire Holdings