Last checked at 15 May 2008 07:11
RNS Number : 5097U
Catlin Group Limited
15 May 2008
Catlin Group Limited 15 May 2008
RESULTS OF CATLIN GROUP LIMITED ANNUAL GENERAL MEETING VOTING
HAMILTON, Bermuda - All of the resolutions proposed at Catlin Group Limited's Annual General Meeting, held on Wednesday 14 May 2008 in Bermuda, were duly passed by shareholders. Proxies were received in respect of 136,594,339common shares, representing 54% of the shares in issue.
The results of the proxy voting on each resolution were as follows:
| Resolution | Votes For | Proxy Holder's Discretion | Votes Against | Votes Withheld | |
| 1. | To receive the Annual Report & Accounts | 134,195,614 | 7,692 | 0 | 2,391,033 |
| 2. | To approve the Directors' Remuneration Report | 107,466,156 | 13,221 | 26,306,569 | 2,808,392 |
| 3. | To re-appoint PricewaterhouseCoopers LLP as Auditors | 136,520,588 | 67,971 | 710 | 5,070 |
| 4. | To authorise the Board to establish auditors' remuneration | 136,526,151 | 67,971 | 0 | 217 |
| 5. | To declare a final dividend | 136,463,930 | 7,692 | 0 | 122,717 |
| 6. | To re-elect Sir Graham Hearne | 135,055,537 | 62,442 | 1,471,660 | 4,700 |
| 7. | To re-elect Mr Alan Bossin | 135,548,422 | 62,442 | 983,475 | 0 |
| 8. | To re-elect Mr Michael Eisenson | 98,342,385 | 62,442 | 35,427,641 | 2,761,869 |
| 9. | To authorise the Board to allot shares | 136,195,099 | 62,442 | 335,858 | 940 |
| 10. | To approve and adopt the rules of the Catlin Group Limited Savings-Related Share Scheme | 136,511,208 | 62,442 | 20,689 | 0 |
| 11. | To approve and adopt the rules of the Catlin Group Limited US Employee Stock Purchase Plan | 136,505,371 | 62,442 | 20,689 | 5,837 |
| 12. | To amend the dilution limit within the Catlin Group Limited’s Performance Share Plan to 10 per cent of its issued share capital | 134,073,092 | 62,442 | 79,010 | 2,379,795 |
| 13. | To disapply pre-emption rights in limited circumstances | 136,514,313 | 62,442 | 6,361 | 11,223 |
| 14. | To authorise market purchases of shares in limited circumstances | 136,513,508 | 62,442 | 18,389 | 0 |
A “Vote Withheld” is not a vote in law and is not counted in the votes “For” and “Against” a resolution.
Resolutions 1-12 were ordinary resolutions and Resolutions 13 and 14 were special resolutions. A copy of the resolutions has been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility at:
Financial Services Authority
25 The North Colonade
Canary Wharf
London E14 5HS
- ends -
For more information contact:
| Media Relations: | | |
| James Burcke, Head of Communications, London | Tel: Mobile: E-mail: | +44 (0)20 7458 5710 +44 (0)7958 767 738 james.burcke@catlin.com |
| Liz Morley, Maitland | Tel: E-mail: | +44 (0)20 7379 5151 emorley@maitland.co.uk |
| Investor Relations: | | |
| William Spurgin, Head of Investor Relations, London | Tel: Mobile: E-mail: | +44 (0)20 7458 5726 +44 (0)7710 314 365 william.spurgin@catlin.com |
Notes to editors:
1. Catlin Group Limited, headquartered in Bermuda, is an international specialist property/casualty insurer and reinsurer writing more than 30 classes of business worldwide through four underwriting platforms and an international network of offices. Gross premiums written in 2007 exceeded US$3.3 billion. Catlin shares are traded on the London Stock Exchange (ticker symbol: CGL). More information about Catlin can be found at www.catlin.com.
2. Catlin’s four underwriting platforms are:
·; The Catlin Syndicate at Lloyd’s of London (Syndicate 2003), which is a recognised leader of numerous classes of specialty insurance and reinsurance. The Catlin Syndicate is the largest at Lloyd’s in 2008 based on premium capacity of £1.25 billion.
·; Catlin Bermuda (Catlin Insurance Company Ltd.), which is a leading participant in the Bermuda market, underwriting a diversified portfolio of property treaty, casualty treaty, political risk and terrorism, and structured risk coverages.
·; Catlin UK (Catlin Insurance Company (UK) Ltd.), which specialises in underwriting commercial non-life insurance for UK clients through a network of regional offices. It also writes other classes of business written by the Catlin Syndicate.
·; Catlin US, which encompasses Catlin’s operations based in the United States. Catlin US underwrites a wide variety of specialty property/casualty insurance and reinsurance products from a network of offices throughout the U.S. Catlin US includes Catlin Insurance Company Inc. and Catlin Specialty Insurance Company Inc.
3. Catlin’s international network of offices allows the Group to diversify further its risk portfolio and to work more closely with local policyholders and brokers. Besides its offices in the UK, US and Bermuda, Catlin operates offices in Canada, Australia, Singapore, Malaysia, Hong Kong, China, Guernsey, Germany, Belgium, France, Spain, Italy, Switzerland, Austria and Brazil.
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