CATCo Reinsurance Opps Fund Ltd Compulsory Acqn of Shares (0009I)

TIDMCAT

RNS Number : 0009I

CATCo Reinsurance Opps Fund Ltd

30 November 2022

CATCo Reinsurance Opportunities Fund Limited (the "Company")

30 November 2022

Partial Compulsory Redemption of Shares

Following the redemption of 1,379,027 Ordinary Shares at a rate of $3.3355 per Ordinary Share and 754,052 C Shares at a rate of $17.5042 per C Share on 29 November 2022 (as previously announced on 13 March 2020 and updated on 21 November 2022), the Company now has 114,104 Ordinary Shares in issue and 78,324 C Shares in issue. With effect from today, the Company's Ordinary Shares will trade under the new ISIN number BMG1961Q3242 and the C Shares will trade under the new ISIN number BMG1961Q3168.

The applicable redemption ratios were 0.923631617 in relation to the Ordinary Shares and 0.905965573 in relation to the C Shares. On this basis, a holder of 1,000 Ordinary Shares will have had 923 Ordinary Shares redeemed, and receive $3,078.66 in cash. A holder of 1,000 C Shares will have had 905 C Shares redeemed, and receive $15,841.30 in cash. Approximately 91.73% of the issued share capital was redeemed.

In conformity with the FCA's Disclosure Guidance and Transparency Rules (DTR 5.6.1), the Company notifies that the Company's issued share capital now consists of 114,104 Ordinary Shares and 78,324 C Shares. Accordingly, the total number of voting rights in the Company is 192,428.

This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules (DTR 5.1.2).

It is expected that the proceeds of the redemption will be paid through CREST to holders of Ordinary Shares and C Shares in uncertificated form on 6 December 2022, and paid by cheque to holders of Ordinary Shares in certificated form on 8 December 2022.

Capitalised terms used but not defined in this announcement shall bear the meanings ascribed to them in the Circular to Shareholders dated 13 March 2020.

Enquiries:

 
For further information: 
Markel CATCo Investment Management    Numis Securities Limited 
 Ltd. 
 Judith Wynne                          David Benda / Hugh Jonathan 
 General Counsel                       Telephone: [phone] 
 Telephone: [phone]            1000 
 Email: [e-mail] 
 Mark Way 
 Chief of Investor Marketing 
 Telephone: [phone] 
 Email: [e-mail] 
 

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November 30, 2022 02:00 ET (07:00 GMT)