CATCo Reinsurance Opps Fund Ltd Tender Offer (5195P)
November 18 2016 - 1:01AM
UK Regulatory
TIDMCAT
RNS Number : 5195P
CATCo Reinsurance Opps Fund Ltd
18 November 2016
CATCo Reinsurance Opportunities Fund Ltd. ("the Company")
Tender Offer
To: SFM, London Stock Date: 18 November 2016
Exchange and Bermuda
Stock Exchange
Following the announcement of the unaudited net asset value of
the Company's Ordinary Shares and C Shares as at the close of
business on 31 October 2016, on 14 November ("Net Asset Value"),
the Company notes that the Company's Ordinary Shares and C Shares
were trading at a 0.25% discount and a 0.53% discount respectively,
to the Net Asset Value.
In accordance with the Circular to Shareholders dated 29
September 2015, this would trigger a Return of Value Tender Offer.
However, the Board, having consulted with major shareholders, and
in light of the narrow discount to the Net Asset Value has decided
not to implement the Return of Value Tender for either class of
share.
Markel CATCo Investment Management
Ltd.
Judith Wynne, General Counsel
Telephone: +1 441 493 9005
Email: judith.wynne@markelcatco.com
Mark Way, Chief Operating Officer
Telephone: +1 441 493 9001
Email: mark.way@markelcatco.com
Numis Securities Limited
David Benda / Hugh Jonathan
Telephone: +44 (0) 20 7260 1000
- ends -
This information is provided by RNS
The company news service from the London Stock Exchange
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