REG-Lancashire Hld Ltd: Notice of Redemption

Lancashire HoldingsAnnouncement

12/04/2021 07:05

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

LEI: 5493002UNUYXLHOWF752

For immediate release
 

NOTICE OF REDEMPTION
to the holders of

LANCASHIRE HOLDINGS LIMITED
(the “Issuer”)
$130,000,000 5.70% Senior Notes due 2022
(the “Notes”)

CUSIP Nos.: Regulation S – G5361WAA2 and Rule 144A – 513774AA7
ISIN Nos.: Regulation S – USG5361WAA20 and Rule 144A – US513774AA79

12 April 2021
Hamilton, Bermuda

The Issuer has today given notice to holders of the outstanding Notes of the
Issuer that, in accordance with the terms of the Notes, the Issuer has decided
to redeem all of its outstanding Notes on 13 May 2021 (the “Redemption
Date”). Citibank, N.A. acts as paying agent under the Notes.

The redemption price payment will be made in accordance with the terms of the
Notes. Notice of the redemption price will be given to holders of the
outstanding Notes on or around the second trading day prior to the Redemption
Date. All terms of the Notes remain unchanged until redemption.

To view the notice, please click on the link below:

https://mma.prnewswire.com/media/1484670/Notice_of_Redemption.pdf

The Issuer will request the Financial Conduct Authority to cancel the listing
of the Notes and the London Stock Exchange plc to cancel the admission to
trading of the Notes on or shortly after the Redemption Date.

For further information, please contact:

Lancashire Holdings Limited
Christopher
Head                                             
+44 20 7264 4145
Group Company
Secretary                                
chris.head@lancashiregroup.com

Jelena
Bjelanovic                                             
+44 20 7264 4066
Group Head of Investor Relations                     
jelena.bjelanovic@lancashiregroup.com

This release contains information, which may be of a price sensitive nature,
that the Issuer is making public in a manner consistent with the Market Abuse
Regulation (EU) No 596/2014 (“EU MAR”) in the European Economic Area,  EU
MAR as it forms part of the domestic law of the U.K. by virtue of the European
Union (Withdrawal) Act 2018 (as amended, including by the European Union
(Withdrawal Agreement) Act 2020) and other regulatory obligations.

The information was submitted for publication, through the agency of the
contact persons set out above, at 07:00 BST on 12 April 2021.

IMPORTANT NOTICES

Certain statements contained in this announcement constitute
“forward-looking statements” with respect to the Issuer and its subsidiary
undertakings (the “Group”). All statements other than statements of
historical facts included in this announcement are, or may be deemed to be,
forward-looking statements. Without limitation, any statements preceded or
followed by or that include 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 and similar statements are of a
future or forward-looking nature. 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. For a description of
some of these factors, see the Issuer’s annual report and accounts for the
year ended 31 December 2020 (the “Annual Report and Accounts”). In
addition to those factors contained in the Annual Report and Accounts, any
forward-looking statements contained in this announcement may be affected by
the impact of the ongoing COVID-19 pandemic on the Group’s clients, the debt
capital markets, the securities in the Group’s investment portfolio and on
global financial markets generally, as well as any governmental or regulatory
changes or judicial interpretations, including policy coverage issues arising
therefrom. For the avoidance of doubt, nothing in this announcement
constitutes a notice of redemption of any other existing indebtedness.



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