LRE Lancashire Holdings Limited

 
TIDMLRE 
 
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. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

April 12, 2021 02:00 ET (06:00 GMT)

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