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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Catco Reinsurance Opportunities Fund Limited | LSE:CAT | London | Ordinary Share | BMG1961Q3242 | ORD USD0.00013716 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.00 | 14.00 | 36.00 | 25.00 | 25.00 | 25.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 6.33M | 5.44M | 3.6440 | 6.86 | 37.33M |
TIDMCAT
RNS Number : 5265J
CATCo Reinsurance Opps Fund Ltd
08 August 2012
CATCo Reinsurance Opportunities Fund Ltd. (the "Company")
Conversion of C Shares
To: SFM, London Stock Exchange Date: 8 August 2012 and the Bermuda Stock Exchange
The Board wishes to announce that the CATCo Diversified Fund in which the Company invests has closed its side pocket associated with the NZ and Japan Exposures by way of the compulsory redemption of the shares issued in respect of such side pocket, including those held by the Company, on 1 August 2012. As described in the Prospectus, this triggers the Conversion of C Shares into Ordinary Shares.
In accordance with the terms of the C Shares, the Calculation Time for the conversion of C Shares into Ordinary Shares is today, 8 August 2012 and, as a result, the conversion will be made on the basis of the respective net asset values of the C Shares and Ordinary Shares as at close of business today.
Expected timetable
Conversion Ratio announced 10 August 2012 Record date for Conversion 10 August 2012 and C Share register closes Dealings in new Ordinary Shares 13 August 2012 commence Crediting of CREST accounts 13 August 2012 with new Ordinary Shares Share certificates in respect Week commencing 13 August 2012 of new Ordinary Shares despatched
Defined words and terms used in this announcement shall have the same meaning as ascribed to them in the Company's prospectus dated 18 May 2012 (the "Prospectus"). Further details of the conversion and rights attaching to the C Shares are set out in the Prospectus.
-Ends-
For further information, please contact:
Jason Bibb, Director/Michael Toyer, Head of Investment Operations
CATCo Investment Management Ltd
Telephone: +1 441 531 2227
Email: jason.bibb@catcoim.com
Email: michael.toyer@catcoim.com
David Benda / Hugh Jonathan
Numis Securities Limited
Telephone: +44 (0)20 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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