REG-Lancashire Hld Ltd: Results of AGM

Lancashire HoldingsAnnouncement

29/04/2021 07:05

LANCASHIRE HOLDINGS LIMITED

29 April 2021

Hamilton, Bermuda

Results of AGM

Lancashire Holdings Limited (the “Company”) is pleased to announce the
voting results for the Annual General Meeting (“AGM”) of shareholders held
via telephone conference on Wednesday 28 April 2021. The meeting considered
the eighteen resolutions as set out in the AGM Notice dated 8 March 2021; all
resolutions considered were duly passed and approved by shareholders casting
their votes.

The Board has however noted the significant number of votes against the Annual
Report on Remuneration at the AGM. Resolution 2, an advisory vote on the
implementation of the Company’s 2020 Remuneration Policy, received 67.17% of
votes for and 32.83% of votes against the resolution, with 6,531,943 shares
abstaining.

In advance of the AGM, the Board engaged with a number of major shareholders
and certain proxy advisory companies on executive remuneration arrangements.
The Board will continue to engage with shareholders to fully understand their
views on this matter and, in accordance with the requirements of the UK
Corporate Governance Code, the Company will publish an update on the outcome
of that engagement within six months of the AGM.

Copies of the resolutions passed as Special Business will be submitted to the
National Storage Mechanism and available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Further details of the AGM results will be available shortly on the
Company’s website www.lancashiregroup.com.

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 has capital of approximately U.S.$2.3 billion and its 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 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 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) (the “EUWA”)  and other regulatory
obligations. The information was submitted for publication, through the agency
of the contact persons set out above, at 7:00 BST on 29 April 2021.

NOTE REGARDING FORWARD-LOOKING STATEMENTS:

ALL FORWARD-LOOKING STATEMENTS IN THIS ANNOUNCEMENT OR OTHERWISE SPEAK ONLY AS
AT THE DATE OF PUBLICATION. LANCASHIRE 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.



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