Aspen CEO Chris O’Kane Enters Into 10b5-1 Stock Trading Plan
June 12 2012 - 3:04PM
Business Wire
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) today
announces that its Chief Executive Officer, Chris O’Kane, has
entered into a plan that will authorize an agent to exercise stock
options that are near expiration under a pre-arranged stock trading
plan under Rule 10b5-1 of the US Securities and Exchange Act of
1934.
The plan, adopted by Chris O’Kane on June 12, 2012, will allow
an agent to effect the exercise of Aspen stock options from time to
time granted to him in August 2003 due to expire in August 2013.
Under this plan, stock sales are intended to be spread over a
period of time. Rule 10b5-1 allows corporate executives to adopt
pre-arranged stock trading plans to buy or sell shares of company
stock when they are not in possession of material, non-public
information.
About Aspen
Aspen provides reinsurance and insurance coverage to clients in
various domestic and global markets through wholly-owned
subsidiaries and offices in Bermuda, France, Germany, Ireland,
Singapore, Switzerland, the United Kingdom and the United States.
For the year ended December 31, 2011, Aspen reported $9.5 billion
in total assets, $4.5 billion in gross reserves, $3.2 billion in
shareholders’ equity and $2.2 billion in gross written premiums.
Its operating subsidiaries have been assigned a rating of “A”
(“Strong”) by Standard & Poor’s, an “A” (“Excellent”) by A.M.
Best and an “A2” (“Good”) by Moody’s Investors Service.
Application of the Safe Harbor of the Private Securities
Litigation Reform Act of 1995
This press release may contain written “forward-looking
statements” within the meaning of the US federal securities laws.
These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that do not
relate solely to historical or current facts, and can be identified
by the use of words such as “expect,” “intend,” “plan,” “believe,”
“project,” “anticipate,” “seek,” “will,” “estimate,” “may,”
“continue,” and similar expressions of a future or forward-looking
nature.
All forward-looking statements rely on a number of assumptions
concerning future results and events and are subject to a number of
uncertainties and other factors, many of which are outside Aspen’s
control that could cause actual results to differ materially from
such statements, including changes in market conditions. For a
detailed description of uncertainties and other factors that could
impact the forward-looking statements in this press release, please
see the “Risk Factors” section in Aspen's Annual Report on Form
10-K for the year ended December 31, 2011, filed with the US
Securities and Exchange Commission on February 28, 2012. Aspen
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
For further information
Please visit www.aspen.co or contact:
Aspen Insurance (NYSE:AHL)
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