Disposal of Warrants
2006年11月30日 - 4:04PM
RNSを含む英国規制内ニュース (英語)
RNS Number:9693M
Benfield Group Limited
30 November 2006
30 November 2006
Sale of Warrants in Lancashire Holdings Limited
Benfield Group Ltd ("Benfield"), the world's leading independent reinsurance and
risk intermediary, today announces that it has sold its holding of warrants to
subscribe for 7,625,217 common shares in Lancashire Holdings Limited
("Lancashire"), the Bermudian insurance company. Benfield received the warrants
as part consideration for its role in the establishment of Lancashire in
December 2005. The warrants have been sold to J.P. Morgan Securities Limited.
Benfield will receive gross proceeds of US$19.5 million from the sale. The
warrants were accounted for as a financial instrument in the year ending 31
December 2005. This transaction will not be material to the results for the year
ending 31 December 2006.
Grahame Chilton, Chief Executive of Benfield, commented; "Lancashire has almost
completed its first full year of operations and we are delighted to have been
associated with establishing such a successful Bermudian insurer. In line with
our policy of retaining a focus on our core intermediary business, we have now
taken this opportunity to sell our holding."
-ENDS-
Contacts:
Analysts & Investors
Julianne Jessup Benfield +44 (0) 20 7578 7425
Rob Bailhache Financial Dynamics +44 (0) 20 7269 7200
Media
David Bogg Benfield +44 (0) 20 7522 4016
Peter Rigby/David Haggie Haggie Financial +44 (0) 20 7417 8989
Notes to Editors:
About Benfield:
Benfield is the world's leading independent reinsurance and risk intermediary.
Its customers include many of the world's major insurance and reinsurance
companies as well as government entities and global corporations. Benfield
operates from more than 40 locations worldwide. The company is listed on the
London Stock Exchange under the ticker symbol BFD. www.benfieldgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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