REG - CATCo Re-ins Opps Fd - Holding(s) in Company
RNS Number : 8254FCATCo Reinsurance Opps Fund Ltd11 March 2020
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: iiCATCo Reinsurance Opportunities Fund Ltd
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the
notification obligation: iiiProgressive Capital Partners Ltd
4. Full name of shareholder(s)
(if different from 3.):ivQualitium Fund of Hedge Funds
Progressive Opportunity Fund
Progressive Opportunity Fund II
5. Date of the transaction and date on
which the threshold is crossed or
reached: vThreshold was crossed due to number of outstanding shares
6. Date on which issuer notified:
06.03.2020
7. Threshold(s) that is/are crossed or
reached: vi, vii5%
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of
shares
if possible using
the ISIN CODESituation previous
to the triggering
transactionResulting situation after the triggering transaction
Number
of
SharesNumber
of
Voting
RightsNumber
of sharesNumber of voting
rights% of voting rights x
Direct
Direct xi
Indirect xii
Direct
Indirect
BMG1961Q2095
n/a
n/a
19'375'000
6.34
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrumentExpiration
date xiiiExercise/
Conversion Period xivNumber of voting
rights that may be
acquired if the
instrument is
exercised/ converted.% of voting
rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial
instrumentExercise price
Expiration date xvii
Exercise/
Conversion period xviiiNumber of voting rights instrument refers to
% of voting rights xix, xx
Nominal
Delta
Total (A+B+C)
Number of voting rights
Percentage of voting rights
19'375'000
6.34
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
Progressive Capital Partners Ltd, investment manager of:
Fund No. of voting rights / shares
Qualitium Fund of Hedge Fund 12'325'000
Progressive Opportunity Fund 3'200'000
Progressive Opportunity Fund II 3'850'000
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease
to hold:N/A
12. Date on which proxy holder will cease to hold
voting rights:N/A
13. Additional information:
N/A14. Contact name:
Daniel von Allmen, Progressive Capital Partners
15. Contact telephone number:
+41 41 561 40 80
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