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CATCo Reinsurance Opportunities is an Investment Trust

To provide investors with significant capital returns and long-term distributions by making investments linked to catastrophe reinsurance risks via a variety of insurance-based investments.

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Issue of Equity

7 Dec 2017 07:00

RNS Number : 6233Y
CATCo Reinsurance Opps Fund Ltd
07 December 2017
 

CATCo Reinsurance Opportunities Fund Ltd.

Equity Issue

CATCo Reinsurance Opportunities Fund Ltd. (the "Company"), is pleased to announce that, in order to satisfy additional investor demand, 7,250,000 new C Shares have been issued under the Placing Programme at an issue price of $1.00, raising $7,250,000 (before costs and expenses). The net proceeds will be invested, in accordance with the Company's investment policy.

Application has been made for 7,250,000 C Shares to be admitted to trading on the Specialist Fund Segment of the London Stock Exchange. It is expected that Admission will become effective, and dealings will commence, at 8:00am (London time) on 12 December 2017. A prospectus relating to the issue is available on the Company's website at http://www.catcoreoppsfund.com.

Following Admission, the number of Ordinary Shares that the Company has in issue will be 391,666,430 and the number of C Shares that the Company has in issue will be 550,250,000. The C Shares carry the right to attend or vote at any general meeting of the Company in the same manner as the Ordinary Shares. Accordingly, the total number of voting rights in the Company will be 941,916,430 and the 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 Disclosure Guidance and Transparency Rules.

For further information, please contact:

 

Judith Wynne, General Counsel

Mobile: +44 (0) 7986 205364

Telephone: +1 (441) 493 9005

Email: judith.wynne@markelcatco.com

 

Mark Way, Chief Operating Officer

Mobile: +1 (441) 504 9178

Telephone: +1 (441) 493 9001

Email: mark.way@markelcatco.com

 

Numis Securities Limited

Hugh Jonathan

Telephone: +44 (0) 20 7260 1000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEVQLFBDLFFFBZ
Date   Source Headline
1st Jun 20174:43 pmRNSHolding(s) in Company
25th May 20175:14 pmRNSHolding(s) in Company
25th May 20172:51 pmRNSIssue of Equity
16th May 20177:00 amRNSNet Asset Value(s) and Issuance of Shares
15th May 20177:00 amRNSProposed Capital Raise
11th May 20178:00 amRNSConversion of Securities
19th Apr 20177:00 amRNSNet Asset Value(s)
6th Apr 20172:00 pmRNSAGM Statement
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2nd Mar 20177:00 amRNSDirectorate Change
2nd Mar 20177:00 amRNSAnnual Financial Report
27th Feb 20177:00 amRNSNet Asset Value(s)
31st Jan 20177:00 amRNSPortfolio Update
26th Jan 20171:17 pmRNSDividend Declaration
20th Jan 20177:00 amRNSNet Asset Value and Portfolio Update
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18th Nov 20167:00 amRNSTender Offer
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19th Sep 20167:00 amRNSNet Asset Value and Portfolio Update
22nd Aug 20167:00 amRNSNet Asset Value(s)
15th Aug 20167:00 amRNSDirector/PDMR Shareholding
12th Aug 20167:00 amRNSHalf-year Report
19th Jul 20167:00 amRNSNet Asset Value(s)
17th Jun 20163:58 pmRNSNet Asset Value(s)
16th May 201612:57 pmRNSNet Asset Value(s)
10th May 20167:00 amRNSDirectorate Change
19th Apr 20167:00 amRNSNet Asset Value(s)
24th Mar 20165:35 pmRNSIssue of Equity
22nd Mar 201612:46 pmRNSResult of AGM
18th Mar 20167:00 amRNSNet Asset Value(s)
14th Mar 20161:18 pmRNSHolding(s) in Company
7th Mar 20167:00 amRNSSide-Pocket Investment Update
2nd Mar 20164:20 pmRNSPublication of Supplementary Prospectus
2nd Mar 20162:44 pmRNSDirector/PDMR Shareholding
29th Feb 20168:46 amRNSNet Asset Value(s)
22nd Feb 20167:00 amRNSAnnual Financial Report 2015
19th Feb 20163:51 pmRNSDoc re. Disclosure of Home Member State
16th Feb 20167:00 amRNSDirectorate Change
29th Jan 20167:00 amRNSDividend Declaration and Update C Share Conversion
25th Jan 20167:00 amRNSPortfolio Update
21st Jan 20167:00 amRNSNet Asset Value(s)
18th Dec 201512:44 pmRNSPublication of Supplementary Prospectus
16th Dec 20151:50 pmRNSNet Asset Value(s)
16th Dec 20157:00 amRNSNet Asset Value(s)
9th Dec 20157:00 amRNSStatement re Investment Manager

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