Result of Special General Me

RNS Number : 5637O

Catlin Group Limited

09 March 2009

 



This announcement is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, New Zealand, Japan, South Africa or any other jurisdiction in which the same would be unlawful

9 March 2009    

RESULTS OF CATLIN GROUP LIMITED SPECIAL GENERAL MEETING

HAMILTON, Bermuda - All of the resolutions proposed at Catlin Group Limited's Special General Meeting, held today in Bermuda, were duly passed by shareholders. Proxies were received in respect of 139,245,112 common shares, representing 54.57 per cent of the shares in issue. 

The result of the proxy voting on each resolution was as follows: 

Resolution		Votes For	Proxy Holder's Discretion	Votes Against	Votes Withheld
1.	To approve the increase in authorised share capital from US$4,000,000 to US$5,000,000 by the creation of 100,000,000 new common shares of US$0.01 each	127,156,348	5,077	798	12,082,889
2.	To authorise the Board to allot common shares up to an aggregate nominal value of US$1,190,777	126,326,281	5,077	776,115	12,137,639
3.	To disapply pre-emption rights in limited circumstances (including in connection with a rights issue)	127,035,809	11,147	20,439	12,177,717

A 'Vote Withheld' is not a vote in law and is not counted in the votes 'For' and 'Against' a resolution.

Resolutions 1 and 2 were ordinary resolutions and Resolution 3 was a special resolution. 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 

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For more information contact:

Media Relations:
James Burcke, Head of Communications, London		Tel: Mobile: E-mail:		[phone] [phone] [e-mail]
Liz Morley, Maitland		Tel: E-mail:		[phone] [e-mail]
Investor Relations:
William Spurgin,  Head of Investor Relations, London		Tel: Mobile: E-mail:		[phone] [phone] [e-mail]

This announcement does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any Nil Paid Rights, New Common Shares or New Depositary Interests and shall not form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any Nil Paid Rights, New Common Shares or New Depositary Interests. Past performance is no guide to future performance and any investment decision to take up or buy Nil Paid Rights, New Common Shares or (in the case of Depositary Interest Holders only) New Depositary Interests must be made solely on the basis of publicly available information. Persons needing advice should consult an independent financial adviser.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, New Zealand, Japan, South Africa or any jurisdiction in which the same would be unlawful. This announcement is for information only and does not constitute an offer or invitation to take up, acquire or dispose of Nil Paid Rights, New Common Shares or New Depositary Interests in the United States or any jurisdiction in which the same would be unlawful. The New Common Shares, the Nil Paid Rights and the New Depositary Interests have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the 'Securities Act') and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offer of Nil Paid Rights, New Common Shares or New Depositary Interests in the United States. The distribution of this announcement and the offering or sale of the Nil Paid Rights, New Common Shares or New Depositary Interests in certain jurisdictions may be restricted by law. No action has been taken by the Company, JP Morgan Cazenove Limited , J.P. Morgan Securities Ltd. or UBS Limited that would permit an offering of such Nil Paid Rights, New Common Shares or New Depositary Interests or possession or distribution of this announcement or any other offering or publicity material relating to such Nil Paid Rights, New Common Shares or New Depositary Interests in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Company, JPMorgan Cazenove Limited, J.P. Morgan Securities Ltd. and UBS Limited to inform themselves about, and to observe, any such restrictions.

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 through four underwriting platforms and an international network of offices. Gross premiums written in 2008 exceeded US$3.4 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. Catlin UK also underwrites many other classes of commercial insurance.
	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..

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. Catlin operates offices in Canada, Australia, Singapore, Malaysia, Hong Kong, China, Japan, Guernsey, Germany, Belgium, France, Spain, Italy, Switzerland, Austria and Brazil. 

4.    Catlin Group Limited is the title sponsor of the Catlin Arctic Survey, a major scientific expedition to measure the thickness and density of the permanent ice surrounding the North Pole. The project's aim is to determine, with a much greater degree of accuracy, when this ice could disappear as a result of global warming. The Survey, during which three Arctic explorers will trek on foot 1,300 kilometres to the North Pole, began in February 2009. More information is available at www.catlinarcticsurvey.com. 

 

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