Lancashire declares another special dividend for 2014

DividendMax Ltd.

Lancashire declares another special dividend for 2014

Dividends

 

The Lancashire Board declared the following dividends during 2014:

·     A final dividend in respect of 2013 of $0.10 per common share;

·     An interim dividend of $0.05 per common share; and

·     Special dividends of $1.20 per common share.

 

Lancashire announces that its Board of Directors has declared the following dividend payments (collectively the "Dividends"):


(i) a final dividend for 2014 of $0.10 per common share (approximately £0.06 per common share at the current exchange rate) amounting to an aggregate payment of approximately $18.8 million.

 

 (ii) an additional special dividend for 2014 of $0.50 per common share (approximately £0.33 per common share at the current exchange rate) amounting to an aggregate payment of approximately $93.9 million.

The Dividends will result in an aggregate payment of approximately $112.7 million. The Dividends will be paid as a single paymentin Pounds Sterling on 15 April 2015 (the "Dividend Payment Date") to shareholders of record on 20 March 2015 (the "Record Date") using the £ / $ spot market exchange rate at 12 noon London time on the Record Date.

Companies mentioned