CATCo Reinsurance Opps Fund Ltd Issue of Equity (6233Y)
December 07 2017 - 1:00AM
UK Regulatory
TIDMCAT
RNS Number : 6233Y
CATCo Reinsurance Opps Fund Ltd
07 December 2017
CATCo Reinsurance Opportunities Fund Ltd.
Equity Issue
CATCo Reinsurance Opportunities Fund Ltd. (the "Company"), is
pleased to announce that, in order to satisfy additional investor
demand, 7,250,000 new C Shares have been issued under the Placing
Programme at an issue price of $1.00, raising $7,250,000 (before
costs and expenses). The net proceeds will be invested, in
accordance with the Company's investment policy.
Application has been made for 7,250,000 C Shares to be admitted
to trading on the Specialist Fund Segment of the London Stock
Exchange. It is expected that Admission will become effective, and
dealings will commence, at 8:00am (London time) on 12 December
2017. A prospectus relating to the issue is available on the
Company's website at http://www.catcoreoppsfund.com.
Following Admission, the number of Ordinary Shares that the
Company has in issue will be 391,666,430 and the number of C Shares
that the Company has in issue will be 550,250,000. The C Shares
carry the right to attend or vote at any general meeting of the
Company in the same manner as the Ordinary Shares. Accordingly, the
total number of voting rights in the Company will be 941,916,430
and the figure may be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the Disclosure Guidance and Transparency Rules.
For further information, please contact:
Judith Wynne, General Counsel
Mobile: +44 (0) 7986 205364
Telephone: +1 (441) 493 9005
Email: judith.wynne@markelcatco.com
Mark Way, Chief Operating Officer
Mobile: +1 (441) 504 9178
Telephone: +1 (441) 493 9001
Email: mark.way@markelcatco.com
Numis Securities Limited
Hugh Jonathan
Telephone: +44 (0) 20 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
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