Oxbridge gains after Custodian Ventures discloses a near 10% stake

Oxbridge Re Holdings

14/07/2021 11:38

** Shares of casualty reinsurer Oxbridge Re Holdings
 OXBR.O  jump 23.2% to $4.13 premarket
    ** On Tuesday after markets closed, investment fund
Custodian Ventures LLC, led by David Lazar, disclosed a ~9.9%
ownership interest in company (https://bit.ly/36BzVjs)
    ** Custodian Ventures says it purchased OXBR shares based on
the belief that the shares, when purchased, were undervalued and
represented an "attractive investment opportunity"
    ** Custodian Ventures also said that it wishes to work with
OXBR's board of directors in order to explore potential
strategic options for increased shareholder value
    ** Stock has surged ~79% this year, as of last close

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 806749 8325;))