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Catco Reinsurance Opportunities Fund Ltd (CATC) Ordinary C Shares USD0.0001 (DI)

Sell:$0.23 Buy:$0.31 0 Change: No change
Market closed Prices as at close on 20 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Catco Reinsurance Opportunities Fund Ltd Ordinary C Shares USD0.0001 (DI)

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 27 Aug 2019)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase up to USD24.4 million worth of Catco Reinsurance Opportunities Fund C Shares. Catco Reinsurance Opportunities Fund C shareholders may elect to tender some or all of their C Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined. The Purchase Price will be the lowest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to USD24.4 million.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their C Shares at a minimum price which is not less than USD0.17 or greater than USD0.35 (in increments of USD0.005, e.g. USD0.175, USD0.18, USD0.185, USD0.19, etc.). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price but all Shares successfully tendered will be purchased at the Purchase Price.

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to USD24.4 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back.

 

Please also note that Shareholders with a holding of 99 C Shares or less who tender their entire holding will have their instruction to tender treated preferentially under the offer.

 

Cash in respect of successful tenders will be credited to your Account upon receipt. This is expected to be on or around 23 September 2019.

 

What are my options?

 

Option 1 – Tender a number of C Shares at a price between USD0.17 and USD0.35 (in increments of USD0.005). In order to participate in this Tender Offer an election must be received in this office by noon on Tuesday 3 September 2019, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of C Shares you wish to tender and the price at which you wish to tender. If you do not state the price at which you wish to tender your C Shares in the additional comments box when giving your election it will be assumed that you have elected to tender your Shares at the Purchase Price.

 

Option 2 - Tender a number of C Shares at the Purchase Price. Shareholders can tender their C Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of C Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

All instructions must be received in this office by noon on Tuesday 3 September 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$0.23
Buy:$0.31
Change: No change
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 20 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Catco Reinsurance Opportunities Fund Ltd Ordinary C Shares USD0.0001 (DI)

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 27 Aug 2019)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase up to USD24.4 million worth of Catco Reinsurance Opportunities Fund C Shares. Catco Reinsurance Opportunities Fund C shareholders may elect to tender some or all of their C Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined. The Purchase Price will be the lowest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to USD24.4 million.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their C Shares at a minimum price which is not less than USD0.17 or greater than USD0.35 (in increments of USD0.005, e.g. USD0.175, USD0.18, USD0.185, USD0.19, etc.). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price but all Shares successfully tendered will be purchased at the Purchase Price.

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to USD24.4 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back.

 

Please also note that Shareholders with a holding of 99 C Shares or less who tender their entire holding will have their instruction to tender treated preferentially under the offer.

 

Cash in respect of successful tenders will be credited to your Account upon receipt. This is expected to be on or around 23 September 2019.

 

What are my options?

 

Option 1 – Tender a number of C Shares at a price between USD0.17 and USD0.35 (in increments of USD0.005). In order to participate in this Tender Offer an election must be received in this office by noon on Tuesday 3 September 2019, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of C Shares you wish to tender and the price at which you wish to tender. If you do not state the price at which you wish to tender your C Shares in the additional comments box when giving your election it will be assumed that you have elected to tender your Shares at the Purchase Price.

 

Option 2 - Tender a number of C Shares at the Purchase Price. Shareholders can tender their C Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of C Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

All instructions must be received in this office by noon on Tuesday 3 September 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:$0.23
Buy:$0.31
Change: No change
Market closed Prices as at close on 20 September 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Catco Reinsurance Opportunities Fund Ltd Ordinary C Shares USD0.0001 (DI)

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 27 Aug 2019)

What is happening?

 

The Company has announced proposals for a Tender Offer to purchase up to USD24.4 million worth of Catco Reinsurance Opportunities Fund C Shares. Catco Reinsurance Opportunities Fund C shareholders may elect to tender some or all of their C Shares for repurchase by the Company, at a ‘Purchase Price’ to be determined. The Purchase Price will be the lowest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to USD24.4 million.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their C Shares at a minimum price which is not less than USD0.17 or greater than USD0.35 (in increments of USD0.005, e.g. USD0.175, USD0.18, USD0.185, USD0.19, etc.). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price but all Shares successfully tendered will be purchased at the Purchase Price.

 

Any Shares tendered at a price higher than the Purchase Price will not be purchased under the Tender Offer; Shares tendered at a lower price than the Purchase Price will be purchased and satisfied in full. However, if Tender elections are received for more than the aggregate purchase price of up to USD24.4 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back.

 

Please also note that Shareholders with a holding of 99 C Shares or less who tender their entire holding will have their instruction to tender treated preferentially under the offer.

 

Cash in respect of successful tenders will be credited to your Account upon receipt. This is expected to be on or around 23 September 2019.

 

What are my options?

 

Option 1 – Tender a number of C Shares at a price between USD0.17 and USD0.35 (in increments of USD0.005). In order to participate in this Tender Offer an election must be received in this office by noon on Tuesday 3 September 2019, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of C Shares you wish to tender and the price at which you wish to tender. If you do not state the price at which you wish to tender your C Shares in the additional comments box when giving your election it will be assumed that you have elected to tender your Shares at the Purchase Price.

 

Option 2 - Tender a number of C Shares at the Purchase Price. Shareholders can tender their C Shares without specifying a price. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of C Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

All instructions must be received in this office by noon on Tuesday 3 September 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
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