CATCo Reinsurance Oppotunities – Offer for subscription
CORPORATE ACTION REFERENCE: 201501441
Please note we must be in receipt of your instruction by 5pm on 20 October 2015.
Subject to Shareholder approval at a General Meeting to be held on 28th October 2015, the Company is proposing a placing and offer for subscription to raise up to USD 750 Million via the issue of C shares of USD 0.00013716 at an issue price of USD 1.00 per share.
The minimum subscription amount is 5000 new shares. Your application should be for the number of new C shares you wish to apply for. Monetary values will not be accepted.
Applications may be subject to scale back. 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.
Please note you will be debited in sterling using the prevailing Exchange Rate at the time
Option 1: Securities Option (Minimum 5000 shares)
Please quote corporate action reference 201501441
Please ensure there are sufficient funds available by 5pm on 20 October 2015.
Option 2: Take No action (Default)
IF YOU WANT TO TAKE NO ACTION, OPTION 2, PLEASE DO NOT REPLY.
It is expected that the C shares issued will be converted into ordinary shares shortly after the date on which the ordinary shares go 'ex' in respect of the annual dividend.
The new shares are expected to be received on or around 2 November 2015. We will aim to update your account within five business days of receiving them.
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 CLEINT YOUR OPTIONS MAY DIFFER.