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Lancashire Holdings

LRE 678p -3.5  -0.5%
24/05/17 3.00k


« All RNS

LANCASHIRE HOLDINGS | Holdings In Company | RNS







TR-1: Notifications of Major Interests in Shares




Identity of the issuer or the underlying issuer of existing shares to Lancashire Holdings Ltd
which voting rights are attached:




2: Reason for notification (yes/no)

An acquisition or disposal of voting rights yes

An acquisition or disposal of qualifying financial instruments which may result no
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to no
qualifying financial instruments

An event changing the breakdown of voting rights no

Other (please specify): no




3. Full name of person(s) subject to the notification
Standard Life
Investments Ltd
obligation:

4. Full name of shareholder(s) (if different from 3.): Vidacos Nominees

5. Date of the transaction (and date on which the threshold
21/02/2012
is crossed or reached):

6. Date on which issuer notified: 22/02/2012

7. Threshold(s) that is/are crossed or reached: 5%


8: Notified Details

Voting rights attached to shares

Class/type of share If possible use ISIN code BMG5361W1047



Situation previous to the triggering transaction

Number of shares Number of voting rights

7,771,608 7,771,608



Resulting situation after the triggering transaction

Number of shares Number of voting rights Percentage of
voting rights

Direct Indirect Direct Indirect

8,121,525 4,665,148 3,456,377 2.951% 2.186%




Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of Expiration Exercise/ No. of voting rights Percentage of
financial date conversion period/ that may be acquired voting rights
instrument date (if the instrument
exercised/converted)




C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction



Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date Conversion rights instrument
period refers to

Nominal Delta





Total (A+B+C)

Number of voting rights Percentage of voting rights

8,121,525 5.137%




9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi




Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:





13. Additional information:



14. Contact name: investments_mo@standardlife.com
Standard Life Investments Ltd


15. Contact telephone number:
(0131) 245 6565






END



Lancashire Holdings Limited is a holding company. The Company's principal activity, through its subsidiaries, is the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Property, Energy, Marine, Aviation and Lloyd's. It underwrites worldwide, insurance and reinsurance contracts that transfer insurance risk, including risks exposed to both natural and man-made catastrophes. It operates as a specialty insurer/reinsurer operating in Bermuda and London across three platforms: rated insurers, Lloyd's and collateralized security. Property reinsurance includes property catastrophe excess of loss, property per risk excess of loss and property retrocession lines of business. It provides coverage for natural catastrophes, such as hurricanes, earthquakes and floods. Its subsidiaries include Lancashire Insurance Company Limited, Lancashire Management Services (Canada) Limited and Lancashire Insurance Marketing Services Limited. more »

LSE Price
678p
Change
-0.5%
Mkt Cap (£m)
1,363
P/E (fwd)
14.9
Yield (fwd)
7.3


 
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