18th Nov 2016 07:00
CATCo Reinsurance Opportunities Fund Ltd. ("the Company")
Tender Offer
To: SFM, London Stock Exchange and Bermuda Stock Exchange | Date: 18 November 2016 |
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: [email protected]
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Mark Way, Chief Operating Officer Telephone: +1 441 493 9001 Email: [email protected]
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Numis Securities Limited David Benda / Hugh Jonathan Telephone: +44 (0) 20 7260 1000 |
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