REG - CATCo Re-ins Opps Fd - Compulsory Acqn of Shares

CATCo Reinsurance Opportunities FundAnnouncement

30/11/2022 07:00

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RNS Number : 0009I  CATCo Reinsurance Opps Fund Ltd  30 November 2022

CATCo Reinsurance Opportunities Fund Limited (the "Company")

30 November 2022

Partial Compulsory Redemption of Shares

Following the redemption of 1,379,027 Ordinary Shares at a rate of $3.3355 per
Ordinary Share and 754,052 C Shares at a rate of $17.5042 per C Share on 29
November 2022 (as previously announced on 13 March 2020 and updated on 21
November 2022), the Company now has 114,104 Ordinary Shares in issue and
78,324 C Shares in issue. With effect from today, the Company's Ordinary
Shares will trade under the new ISIN number BMG1961Q3242 and the C Shares will
trade under the new ISIN number BMG1961Q3168.

The applicable redemption ratios were 0.923631617 in relation to the Ordinary
Shares and 0.905965573 in relation to the C Shares. On this basis, a holder of
1,000 Ordinary Shares will have had 923 Ordinary Shares redeemed, and receive
$3,078.66 in cash. A holder of 1,000 C Shares will have had 905 C Shares
redeemed, and receive $15,841.30 in cash. Approximately 91.73% of the issued
share capital was redeemed.

In conformity with the FCA's Disclosure Guidance and Transparency Rules (DTR
5.6.1), the Company notifies that the Company's issued share capital now
consists of 114,104 Ordinary Shares and 78,324 C Shares.  Accordingly, the
total number of voting rights in the Company is 192,428.

This 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 FCA's
Disclosure Guidance and Transparency Rules (DTR 5.1.2).

It is expected that the proceeds of the redemption will be paid through CREST
to holders of Ordinary Shares and C Shares in uncertificated form on 6
December 2022, and paid by cheque to holders of Ordinary Shares in
certificated form on 8 December 2022.

Capitalised terms used but not defined in this announcement shall bear the
meanings ascribed to them in the Circular to Shareholders dated 13 March 2020.

 Enquiries:

 For further information:
 Markel CATCo Investment Management Ltd.  Numis Securities Limited

 Judith Wynne                             David Benda / Hugh Jonathan

 General Counsel                          Telephone: +44 (0) 20 7260 1000

 Telephone: +1 441 493 9005

 Email: judith.wynne@markelcatco.com

 Mark Way

 Chief of Investor Marketing

 Telephone: +1 441 493 9001

 Email: mark.way@markelcatco.com

 

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