TIDMCAT
RNS Number : 5925J
CATCo Reinsurance Opps Fund Ltd
18 December 2015
CATCo Reinsurance Opportunities Fund Ltd.
Publication of Supplementary Prospectus
To: SFM, London Stock Date: 18 December 2015
Exchange and Bermuda
Stock Exchange
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE
REPUBLIC OF IRELAND, JAPAN, ANY MEMBER STATE OF THE EUROPEAN
ECONOMIC AREA (OTHER THAN THE UK) OR ANY JURISDICTION IN WHICH THE
SAME WOULD BE UNLAWFUL.
This announcement is an advertisement and not a prospectus. This
announcement does not constitute or form part of, and should not be
construed as, any offer for sale or subscription of, or
solicitation of any offer to buy or subscribe for, any shares in
CATCo Reinsurance Opportunities Fund Ltd. (the "Company") or
securities in any other entity, in any jurisdiction, including the
United States, nor shall it, or any part of it, or the fact of its
distribution, form the basis of, or be relied on in connection
with, any contract or investment decision whatsoever, in any
jurisdiction. This announcement does not constitute a
recommendation regarding any securities.
Any investment decision must be made exclusively on the basis of
the prospectus published by the Company on 29 September 2015 (the
"Prospectus"), the supplementary prospectus published on today's
date (the "Supplementary Prospectus") and any additional
supplementary prospectus or supplementary prospectuses thereto in
connection with the admission of shares of the Company ("Shares")
to trading on the London Stock Exchange's Specialist Fund
Market.
Publication of Supplementary Prospectus
Further to the Company's announcement on 8 December 2015, the
Company announces the publication today of the Supplementary
Prospectus which is supplemental to and must be read in conjunction
with the Prospectus.
The Supplementary Prospectus is being published to disclose the
details of the significant new factors that have arisen as a result
of: (a) the completion of the acquisition of substantially all of
the assets of the Company's investment manager, CATCo Investment
Management Ltd., by the Markel Corporation on 8 December 2015; and
(b) the associated restructuring of CATCo Reinsurance Fund Ltd. and
CATCo-Re Ltd. (through which the Company currently invests
substantially all of its assets) such that the Company will in
future conduct substantially all of its investment activities
through the Markel CATCo Reinsurance Fund Ltd., instead of the
CATCo Reinsurance Fund Ltd.
A copy of the Supplementary Prospectus will be submitted to the
National Storage Mechanism and will shortly be available for
inspection at http://www.morningstar.co.uk/uk/NSM. The
Supplementary Prospectus and the Prospectus are also available on
the Company's website at http://www.catcoreoppsfund.com/.
For further information, please contact:
Judith Wynne
Company Secretary and General Counsel
Markel CATCo Investment Management Ltd.
Telephone: +1 441 493 9005
Email: judith.wynne@markelcatco.com
Mark Way
Fund Operations and Investor Relations Director
Markel CATCo Investment Management Ltd.
Telephone: +1 441 493 9003
Email: mark.way@markelcatco.com
David Benda / Hugh Jonathan
Numis Securities Limited
Telephone: +44 (0) 20 7260 1000
- ends -
Important notices and disclaimers
Recipients of this announcement who are considering acquiring
shares in the Company in connection with the Company's ongoing
placing programme (the "Placing Programme") are reminded that any
such acquisition must be made only on the basis of the information
contained in the Prospectus, Supplementary Prospectus and any
additional supplementary prospectus(es) thereto which may be
different from the information contained in this announcement.
The shares of the Company have not been, nor will they be,
registered under the US Securities Act of 1933, as amended, or with
any securities regulatory authority of any state or other
jurisdiction of the United States or under the applicable
securities laws of Australia, Canada, Japan, New Zealand or South
Africa. Further, the Company has not been and will not be
registered under the US Investment Company Act of 1940, as amended.
Subject to certain exceptions, the shares of the Company may not be
offered or sold in any Member State of the European Economic Area
(other than the United Kingdom), the United States of America,
Canada, Australia, Japan, New Zealand or South Africa or to or for
the account or benefit of any national, resident or citizen of any
Member State of the European Economic Area (other than the United
Kingdom), Canada, Australia, Japan, New Zealand or South Africa or
any person located in the United States. The Placing Programme and
the distribution of this announcement in other jurisdictions may be
restricted by law and the persons into whose possession this
announcement comes should inform themselves about, and observe, any
such restrictions.
Numis, which is authorised and regulated by the Financial
Conduct Authority, is acting only for the Company in connection
with the matters described in this announcement and is not acting
for or advising any other person, or treating any other person as
its client, in relation thereto and will not be responsible for
providing the regulatory protection afforded to clients of Numis or
advice to any other person in relation to the matters contained
herein.
Apart from the responsibilities and liabilities, if any, which
may be imposed by the Financial Services and Markets Act 2000 or
the regulatory regime established thereunder, none of the Company,
Markel CATCo Investment Management Ltd. or Numis nor any of their
respective affiliates accepts any responsibility or liability
whatsoever for or makes any representation or warranty, express or
implied, as to this announcement, including the truth, accuracy or
completeness of the information in this announcement (or whether
any information has been omitted from the announcement) or any
other information relating to the Company, its subsidiaries or
associated companies, whether written, oral or in a visual or
electronic form, and howsoever transmitted or made available or for
any loss howsoever arising from any use of the announcement or its
contents or otherwise arising in connection therewith. The Company,
Markel CATCo Investment Management Ltd. and Numis and their
respective affiliates accordingly disclaim all and any liability
whether arising in tort, contract or otherwise which they might
otherwise have in respect of this announcement or its contents or
otherwise arising in connection therewith.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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