Catlin Group Limited Rule 2.10 Announcement (5588L)
April 28 2015 - 8:02AM
UK Regulatory
TIDMCGL
RNS Number : 5588L
Catlin Group Limited
28 April 2015
28 April 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN
PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
FOR IMMEDIATE RELEASE
Catlin Group Limited
Confirmation of shares in issue
Catlin Group Limited ("Catlin") confirms that as at the close of
business on 27 April 2015, it had 369,682,363 common shares of US$
0.01 each in issue and admitted to trading on the main market of
the London Stock Exchange. The International Securities
Identification Number for the common shares is BMG196F11004.
For further information please contact:
Nicola Graham
Tel: 0207 626 0486
Dealing Disclosure Requirements
Catlin is a Bermudian entity and is therefore not subject to the
City Code. Accordingly, shareholders of Catlin and others dealing
in common shares of Catlin are not obliged to disclose any of their
dealings under the provisions of the City Code. However, market
participants are requested to make disclosures of dealings as if
the City Code applied and as if Catlin were in an "offer period"
under the City Code.
Catlin's website contains the form of disclosure requested. If
you are in any doubt as to whether or not you should disclose
dealings, you should contact an independent financial adviser
authorised by the Financial Conduct Authority (FCA) under the
Financial Services and Markets Act 2000 (FSMA).
In light of the foregoing, as provided in Rule 8.3(a) of the
City Code, any person who is "interested" in one per cent. or more
of any class of "relevant securities" of Catlin or of any
"securities exchange offeror" (being any "offeror" other than an
"offeror" in respect of which it has been announced that its
"offer" is, or is likely to be, solely in "cash") should make an
Opening Position Disclosure following the commencement of the
"offer period" and, if later, following the announcement in which
any "securities exchange offeror" is first identified.
An Opening Position Disclosure should contain details of the
person's interests and short positions in, and rights to subscribe
for, any "relevant securities" of each of (i) Catlin and (ii) any
"securities exchange offeror(s)". Persons to whom Rule 8.3(a) would
have applied had the City Code been applicable should make an
Opening Position Disclosure by no later than 3.30 pm (London time)
on the tenth "business day" following the commencement of the
"offer period" and, if appropriate, by no later than 3.30 pm
(London time) on the tenth "business day" following the
announcement in which any "securities exchange offeror" is first
identified. Relevant persons who undertake "dealings" in the
"relevant securities" of Catlin or of a securities exchange offeror
prior to the deadline for making an Opening Position Disclosure
should instead make a Dealing Disclosure.
Rule 8.3(b) of the Code provides that if any person is, or
becomes "interested" (directly or indirectly) in one per cent. or
more of any class of "relevant securities" of an offeree or of any
"securities exchange offeror", all "dealings" in any "relevant
securities" of that offeree or of any "securities exchange offeror"
(including by means of an option in respect of, or a derivative
referenced to, any such "relevant securities") should be publicly
disclosed in a Dealing Disclosure by no later than 3.30 p.m.
(London time) on the "business day" following the date of the
relevant transaction. In a situation where the City Code applies,
this requirement would continue until the date on which any "offer"
becomes, or is declared, unconditional as to acceptances, lapses or
is otherwise withdrawn or on which the "offer period" otherwise
ends. Under Rule 8 of the City Code, a Dealing Disclosure would
contain details of the "dealing" concerned and of the person's
interests and short positions in, and rights to subscribe for, any
"relevant securities" of (i) Catlin and (ii) any "securities
exchange offeror", save to the extent that these details have
previously been disclosed under Rule 8.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire an "interest"
in "relevant securities" of Catlin or a "securities exchange
offeror", they would, if the City Code were applicable, be deemed
to be a single person for the purpose of Rule 8.3 of the City
Code.
Consistent with the provisions of Rule 8.1 of the City Code,
Opening Position Disclosures should be made by Catlin and by any
"offeror", and all "dealings" in "relevant securities" of Catlin by
Catlin, by any "offeror" or by any persons "acting in concert" with
any of them, should be disclosed in a Dealing Disclosure by no
later than 12.00 noon (London time) on the Business Day following
the date of the relevant transaction.
"Interests in securities" arise, in summary, when a person has
long economic exposure, whether conditional or absolute, to changes
in the price of "securities". In particular, a person will be
treated as having an "interest" by virtue of the ownership or
control of "securities", or by virtue of any option in respect of,
or derivative referenced to, "securities".
Terms in quotation marks are defined in the City Code, which can
also be found on the Panel's website. If you are in any doubt as to
whether or not you should disclose a "dealing" by reference to the
above, you should contact an independent financial adviser
authorised by the FCA under FSMA.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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