Tiberius Acquisition Corporation Announces Record and Meeting Dates for Special Meeting to Approve One-Month Extension to Complete Business Combination

About this update from International General Insurance Holdings Ltd.

[{"type":"text","content":" \n Special Meeting to be Cancelled if Business Combination is Completed by March 20, 2020 NEW ORLEANS, Louisiana, United States, Feb. 27, 2020 (GLOBE NEWSWIRE) -- Tiberius Acquisition Corporation (NASDAQ: TIBR) (“Tiberius”), a special purpose acquisition company, today announced that it will hold a special meeting of stockholders at which its stockholders will be asked to consider and vote upon a proposal to amend the amended and restated certificate of incorporation of Tiberius (the “Charter”) to extend the date (the “Extension”) by which Tiberius is required to consummate its initial business combination from March 20, 2020 until April 20, 2020 (the “Extension Amendment Proposal”). The Extension is being sought to provide additional time for the closing of the proposed business combination (the “Business Combination”) between Tiberius and International General Insurance Holdings Limited (“IGI”) but will only be implemented if additional time is required to complete the Business Combination. IGI has previously reported receipt of regulatory approval from the UK Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA), Bermuda Monetary Authority (BMA) and Dubai Financial Services Authority (DFSA) in connection with the Business Combination. Tiberius expects to close the Business Combination on March 17th. The Extension provides additional time in the unlikely event that it is needed to execute the closing. If Tiberius’s stockholders approve the Business Combination at the separate special meeting of stockholders (the “Business Combination Meeting”) and the other conditions to the Business Combination are then satisfied or will be satisfied or waived on or before March 20, 2020, then Tiberius intends to complete the Business Combination on or before such date. If Tiberius completes the Business Combination on or before March 19, 2020, it will cancel the special meeting and will not implement the Extension. If Tiberius completes the Business Combination on March 20, 2020, it will not implement the Extension. Tiberius intends to hold the special meeting to approve the Extension Amendment Proposal and file the proposed amendment to the Charter only if it has determined as of the time of the special meeting that it may not be able to complete the Business Combination on or before March 20, 2020. Tiberius’s stockholde...

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