15th Aug 2007 07:01
Lancashire Holdings Limited15 August 2007 Lancashire Holdings Limited15 August 2007 Director Shareholding Lancashire Holdings Limited (the 'Company') has been notified that NeilMcConachie, executive director and Chief Financial Officer, yesterday exercisedwarrants over 500,000 common shares of US$0.50 each in the Company by way ofcashless exercise. Pursuant to the terms of the warrants the exercise price is$5.00 and the cashless exercise sale price is $7.10 (based on a market value 5day average) resulting in 148,025 shares. Neil McConachie's total shareholdingin the Company following the warrant exercise and the subsequent issue of shareswill be 175,525 shares. For further information, please contact: Lancashire HoldingsGreg Lunn +1 441 278 8953 Financial Dynamics +44 20 7269 7114Robert Bailhache www.lancashiregroup.com 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 US$1 billion and its common sharestrade 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lancashire Holdings