CATCo Reinsurance Opps Fund Ltd Issue of Equity (2816T)
March 24 2016 - 1:35PM
UK Regulatory
TIDMCAT
RNS Number : 2816T
CATCo Reinsurance Opps Fund Ltd
24 March 2016
24 March 2016
CATCo Reinsurance Opportunities Fund Ltd.
Equity Issue
CATCo Reinsurance Opportunities Fund Ltd. (the "Company"), is
pleased to announce that, in order to satisfy continued investor
demand and increasing demand for its reinsurance catastrophe
protections, 10,675,000 new C Shares have been issued under the
Placing Programme at an issue price of $1.021, raising $10.899m
(before costs and expenses). The net proceeds will be invested, in
accordance with the Company's investment policy, into the Markel
CATCo Diversified Fund (the "Master Fund"), and will be invested in
the Master Fund's portfolio alongside additional capital raised by
the Master Fund.
Application has been made for 10,675,000 C Shares to be admitted
to trading on the London Stock Exchange's Specialist Fund Market.
It is expected that admission will become effective, and dealings
will commence, at 8:00am (London time) on 31 March 2016. A
prospectus relating to the issue is available on Markel CATCo
Investment Management Ltd.'s website: www.catcoim.com.
Following admission, the Company's issued share capital
comprises 273,224,673 Ordinary Shares and 102,510,018 C Shares. The
C Shares carry the right to attend or vote at any general meeting
of the Company in the same manner as the Ordinary Shares.
Accordingly, the total number of voting rights in the Company will
be 375,734,691 and 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 Disclosure and Transparency
Rules.
For investor enquiries:
Judith Wynne
General Counsel
Markel CATCo Investment Management Ltd.
Telephone: +1 441 493 9000
Email: judith.wynne@markelcatco.com
Mark Way
Chief Operating Officer
Markel CATCo Investment Management Ltd.
Telephone: +1 441 493 9000
Email: mark.way@markelcatco.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
IOEDZLFLQXFXBBZ
(END) Dow Jones Newswires
March 24, 2016 13:35 ET (17:35 GMT)
Catco Reinsurance Opport... (LSE:CAT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Catco Reinsurance Opport... (LSE:CAT)
Historical Stock Chart
From Jul 2023 to Jul 2024