The Bermuda-based Catlin Group Limited said that under the terms of a 2 for 5 Rights Issue, announced on February 12, 2009, valid acceptances have been received in respect of 98.68 percent of the total number of New Common Shares offered to shareholders.
The Rights Issue was fully underwritten by J.P. Morgan Securities Ltd. on behalf of J.P. Morgan Cazenove and UBS Limited.
Source: Catlin group – www.catlin.com
Was this article valuable?
Here are more articles you may enjoy.
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial 
Experian Launches Insurance Marketplace App on ChatGPT 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
