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13 Sep 2011 10:28
13 September 2011
Response to Indicative Offer Approach by Canopius Group Limited
The board of Omega Insurance Holdings Limited ("Omega") notes the announcement from Canopius Group Limited and confirms that a takeover approach has been received. The board will continue to review the approaches Omega has received in the context of the best interests of the business and all stakeholders and is striving to conclude the process as soon as possible.
Contacts:
Kinmont Tel: +44 (0)20 7087 9100
John O'Malley
Mat Thackery
Cenkos Tel: +44 (0)20 7382 7800
Ian Soanes
Haggie Financial Tel: +44 (0)20 7417 8989
David Haggie
Juliet Tilley
Notes to Editors
Omega is incorporated and its registered office is in Bermuda. Accordingly, Omega is not subject to the provisions of The City Code on Takeovers and Mergers (the "Code"). However, the Company's Bye-laws adopt certain of the provisions of the Code including provisions dealing with compulsory takeover offers and shareholder treatment along the lines of the general principles as set out in the Code, which are to be administered at the discretion of the Board.
Omega confirms that as at the close of business on 12th September 2011 its issued share capital consisted of 244,229,862 common shares of US$0.10 each.
The International Securities Identification Number for Omega common shares is BMG6765P1095.
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