CATCo Reinsurance Opps Fund Ltd Conversion of Securities (5265J)
08 August 2012 - 4:00PM
UK Regulatory
TIDMCAT
RNS Number : 5265J
CATCo Reinsurance Opps Fund Ltd
08 August 2012
CATCo Reinsurance Opportunities Fund Ltd. (the "Company")
Conversion of C Shares
To: SFM, London Stock Exchange Date: 8 August 2012
and the Bermuda Stock Exchange
The Board wishes to announce that the CATCo Diversified Fund in
which the Company invests has closed its side pocket associated
with the NZ and Japan Exposures by way of the compulsory redemption
of the shares issued in respect of such side pocket, including
those held by the Company, on 1 August 2012. As described in the
Prospectus, this triggers the Conversion of C Shares into Ordinary
Shares.
In accordance with the terms of the C Shares, the Calculation
Time for the conversion of C Shares into Ordinary Shares is today,
8 August 2012 and, as a result, the conversion will be made on the
basis of the respective net asset values of the C Shares and
Ordinary Shares as at close of business today.
Expected timetable
Conversion Ratio announced 10 August 2012
Record date for Conversion 10 August 2012
and C Share register closes
Dealings in new Ordinary Shares 13 August 2012
commence
Crediting of CREST accounts 13 August 2012
with new Ordinary Shares
Share certificates in respect Week commencing 13 August 2012
of new Ordinary Shares despatched
Defined words and terms used in this announcement shall have the
same meaning as ascribed to them in the Company's prospectus dated
18 May 2012 (the "Prospectus"). Further details of the conversion
and rights attaching to the C Shares are set out in the
Prospectus.
-Ends-
For further information, please contact:
Jason Bibb, Director/Michael Toyer, Head of Investment
Operations
CATCo Investment Management Ltd
Telephone: +1 441 531 2227
Email: jason.bibb@catcoim.com
Email: michael.toyer@catcoim.com
David Benda / Hugh Jonathan
Numis Securities Limited
Telephone: +44 (0)20 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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