23 Dec 2011 07:00
23 December 2011
Statement regarding Omega Insurance Holdings Limited
Haverford (Bermuda) Limited ("Haverford") has noted the announcement by Omega Insurance Holdings Limited ("Omega") on 15 December 2011.
Haverford first proposed discussions concerning a possible partial cash offer at 74p per Omega share on 29 November 2011, but received no response other than the request to publicise this in Omega's announcement of 2 December 2011, with which Haverford complied. In light of Omega's rejection of Haverford's proposal Haverford notified Omega, on 21 December 2011 pursuant to the terms of the Agreement between them dated 27 April 2011, that all negotiations and discussions relating to a possible transaction in Omega shares have been terminated.
Enquiries:
|
|
Citi | Tel: +44 (0)20 7986 4000 |
(Financial Adviser to Haverford (Bermuda) Limited) |
|
Basil Geoghegan |
|
John Sandhu |
|
Cyrille Cotte |
|
|
|
Powerscourt | Tel: +44 (0)20 7250 1446 |
(Public Relations Adviser to Haverford (Bermuda) Limited) |
|
Giles Sanderson |
|
Nick Dibden |
|
Orascom Inv (OIH)