Last checked at 9 Dec 2008 14:24
9 December 2008
For publication in the United Kingdom only. Not for release, publication or distribution in or into any other jurisdiction including the United States of America, Australia, Canada, the Republic of South Africa, the Republic of Ireland or Japan
OMEGA Insurance Holdings Limited
Placing to raise £130 mILLION
POSTING OF CIRCULAR
Further to its announcement of yesterday, Omega Insurance Holdings Limited ("Omega" or the "Company"), has today posted a circular to shareholders containing further details on its £130 million placing (the "Placing") announced yesterday and convening a special general meeting to be held at 9.00 a.m. (Bermuda time) on 8 January 2009 (the "Special General Meeting"). The circular will be posted on the Company's website (www.omegauw.com).
Expected Timetable of Principal Events
| Latest time and date for receipt of Form of Direction | 9.00 a.m. (Bermuda time) on 5 January 2009 |
| Latest time and date for receipt of Form of Proxy | 9.00 a.m. (Bermuda time) on 6 January 2009 |
| Time and date of Special General Meeting | 9.00 a.m. (Bermuda time) on 8 January 2009 |
| First day of dealings in Placing Shares on AIM | 30 January 2009 |
| CREST accounts credited | 30 January 2009 |
Contacts
Richard Tolliday, Chief Executive, Omega +1 441 294 6610
John Coles, Threadneedle Communications 020 7653 9848
Kinmont, which is authorised and regulated in the United Kingdom by the FSA, is acting for the Company as its financial adviser in connection with the Placing and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Kinmont or for providing advice in relation to the Placing and the other arrangements described in this announcement.
Cenkos, which is authorised and regulated in the United Kingdom by the FSA, is acting for the Company as Nominated Adviser and Joint-Broker for the purposes of the AIM Rules in connection with the Placing and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Cenkos or for providing advice in relation to the Placing and the other arrangements described in this announcement.
Numis, which is authorised and regulated in the United Kingdom by the FSA, is acting for the Company as Joint-Broker for the purposes of the AIM Rules in connection with the Placing and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Numis or for providing advice in relation to the Placing and the other arrangements described in this announcement.