Business
Transfer of Treasury Shares
Transfer of Treasury Shares.
About this update from Conduit Holdings Ltd.
[{"type":"text","content":"\n\nPembroke, Bermuda - 23 May 2023\nConduit Holdings Limited\n(\"CHL\") (Ticker:CRE)\nTransfer of Treasury Shares\n \nConduit Holdings Limited announces that on 18 May 2023, 757,823 Common Shares of US$0.01 each (\"Common Shares\") were transferred from its treasury account into the Company's Employee Benefit Trust (EBT).\nFollowing the transfer, CHL will have a total of 165,239,997 Common Shares, and therefore voting rights, in issue, of which none are held in treasury.\nCHL's Employee Benefit Trust currently holds as beneficiary 4,847,860 Shares and, unless specifically directed by CHL, shall abstain from exercising its voting rights at any general meeting of the Company. If CHL directs that the EBT may vote, CHL cannot direct the manner in which the EBT exercises its vote.\n\n\n\nMedia contacts\nH/Advisors Maitland - Vikki Kosmalska / Alistair de Kare-Silver\n+44 (0) 207 379 5151\[email protected]\n \nInvestor relations and other enquiries:\[email protected]\n \nPanmure Gordon (UK) Limited (Joint Corporate Broker)\n+44 (0) 207 886 2500\n \nBerenberg (Joint Corporate Broker)\n+44 (0) 203 207 7800\n \nPeel Hunt (Joint Corporate Broker)\n+44 (0) 207 418 8900\n \n\n\n\nAbout Conduit Re\nConduit Re is a pure-play Bermuda-based reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited. The outlook assigned to these ratings is stable.\nConduit Holdings Limited is the ultimate parent of Conduit Reinsurance Limited and is listed on the London Stock Exchange (ticker: CRE). References to \"Conduit\" include Conduit Holdings Limited and all of its subsidiary companies.\nLearn more about Conduit Re:\n\n\n\nWebsite: https://conduitreinsurance.com/\nLinkedIn: https://www.linkedin.com/company/conduit-re\n \n\n\n\n\n\n\n\n\n\n \n\n\n\n\n \n\n\n","length":3577,"tagName":"div"}]