AGM and SGM Results (8050Y)

TIDMCAT

RNS Number : 8050Y

CATCo Reinsurance Opps Fund Ltd

06 March 2012

CATCo Reinsurance Opportunities Fund Ltd ("the Company")

AGM and SGM Results

 
 To: London Stock Exchange and the   Date: 6 March 2011 
  Bermuda Stock Exchange

At the Annual General Meeting and Special General Meeting of the Company held on 6 March 2012, all resolutions were duly passed. Details of the proxy votes received can be found on CATCo Investment Management Ltd's website www.catcoim.com.

The special resolutions passed were as follows:

1. Resolution number 9 related to the authority for the Company to allot Ordinary or "C" shares without applying pre-emption rights;

2. Resolution number 10 related to the authority for the Company to make market purchases of up to 14.99% of its own issued Ordinary shares and "C" shares respectively, subject to certain conditions. This resolution was also subject to the passing of a corresponding special resolution number 1 by the "C" shareholders at their Special General Meeting; and

3. Resolution number 11 related to a proposed increase in the maximum aggregate remuneration which the Company was permitted to pay to the Directors under the Company's Bye-Law number 49. The Bye-Laws of the Company will be amended by the deletion of the amount "$150,000" in Bye-Law 49 and replaced with "$250,000". This resolution was subject to the passing of a corresponding special resolution number 2 by the "C" shareholders at their Special General Meeting.

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For further information, please contact:

Mark Way

Corporate Communications Director

CATCo Investment Management Ltd

Telephone: +44 7786 116991

Email: mark.way@catcoim.com

David Benda / Hugh Jonathan

Numis Securities Limited

Telephone: +44 (0) 20 7260 1000

Michael Toyer / John Whiley

Prime Management Ltd