Platinum To Hold Special Shareholder Meeting
Platinum Underwriters Holdings, Ltd. has scheduled a special meeting of its shareholders for February 27, 2015, in connection with Platinum’s pending acquisition by RenaissanceRe Holdings Ltd.
RenaissanceRe previously announced it will acquire Platinum in a deal worth approximately $1.9 billion, with the transaction between the two Bermuda-based re/insurers expected to close in the first half of 2015.
The company said, “The special meeting is being held to seek shareholder approval of, among other things, an amendment to Platinum’s bye-laws, the merger agreement with RenaissanceRe and the transactions contemplated thereby.
“The special meeting will be held on February 27, 2015 at 9:00 a.m. [Atlantic time] at Platinum’s offices at Waterloo House, 100 Pitts Bay Road, Pembroke HM 08, Bermuda.
“Holders of Platinum common shares of record as of close of business on January 29, 2015 will be entitled to vote at the special meeting.
“Platinum expects to commence mailing a proxy statement/prospectus to its shareholders on January 29, 2015. The proxy statement/prospectus will provide information for shareholders, as well as instructions for shareholders on how to vote their shares.
“If Platinum shareholders approve the merger agreement with RenaissanceRe and the transactions contemplated thereby at the special meeting and the other conditions to the closing of the merger are satisfied, it is currently expected that the merger will be consummated on March 2, 2015.
“There can be no assurance that all such closing conditions will be satisfied by March 2, 2015 or at any time thereafter and thus there is no assurance that the merger will occur.”
