22
November 2024
CATCo Reinsurance
Opportunities Fund Limited (the "Company")
Partial Compulsory Redemption
of Shares
Following the redemption of 109,246
Ordinary Shares at a rate of $41.6197 per
Ordinary Share and 74,846 C Shares at a rate of $221.6594
per C Share on 21 November 2024 (as previously
announced on 13 March 2020 and updated on 13 November 2024), the
Company now has 4,858 Ordinary Shares in issue and 3,478 C Shares
in issue. With effect from today, the Company's Ordinary Shares
will trade under the new ISIN number BMG1961Q3325 and the C Shares will trade under the new ISIN
number BMG1961Q3408 .
The applicable redemption ratios
were 0.958099628 in relation to the Ordinary Shares and 0.956143710
in relation to the C Shares. On this basis, a holder of 1,000
Ordinary Shares will have had 958 Ordinary Shares redeemed, and
receive $39,871.67 in cash. A holder of 1,000 C Shares will have
had 956 C Shares redeemed, and receive $211,906.38 in cash.
Approximately 95.73% 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
4,858 Ordinary Shares and 3,478 C Shares. Accordingly, the
total number of voting rights in the Company is 8,336.
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 27 November 2024, and
paid by cheque to holders of Ordinary Shares in certificated form
on 29 November 2024.
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.
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For
further information:
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Markel CATCo Investment Management Ltd.
Mark Way
Chief of Investor Marketing
Telephone: +1 441 493 9001
Email: mark.way@markelcatco.com
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Numis Securities
Limited
David Benda / Hugh
Jonathan
Telephone: +44 (0) 20 7260 1000
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