Full details on the Blue Capital Global Reinsurance corporate action, including instructions on how to participate, the options available to you, and any deadline applicable.
Blue Capital Global Reinsurance

Blue Capital Global Reinsurance – Tender Offer

Corporate action reference: 201601635

Please note we must be in receipt of your instruction by 18 November 2016.

EVENT TERMS

Record Date 24 November 2016

Tender offer for up to 10% of the ordinary shares in issue, subject to shareholder approval at a special General Meeting to be held on 28 November 2016.

Holders can tender none, some or all of their shares with tenders in excess of a shareholders basic entitlement of 10% of their record date holding only satisfied to the extent that other shareholders tender less than their basic entitlement.

As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.

Validly tendered shares will be converted into redemption shares on a one for one basis. The redemption shares will be redeemed by the Company for cash (less costs) as proceeds are received from running off of underlying investments.

It is anticipated that 50% of the redemption shares will be redeemed in March 2017, 30% in August 2017 and 20% in December 2017.

If you would like further information about the terminology used in this notification, please visit our Ask a Question site

EVENT OPTIONS

Option 1: Tender - Basic Entitlement

Option 2: Oversubscribe

To reply to this event, please use the below link stating which option you would like to take.

Option 3: No Action (Default)

IF YOU WISH TO TAKE NO ACTION, OPTION 3, PLEASE DO NOT REPLY.

ADDITIONAL INFORMATION

We will aim to update your account within five business days of receiving the proceeds.

Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.
 
By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.

Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.

If you are an ISA or SIPP client your options may differ.

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