RenaissanceRe’s Definitive Election Deadline
Bermuda-based RenaissanceRe Holdings Ltd. announced the definitive election deadline of 5:00 p.m. Eastern Time on February 26, 2015 for shareholders of Platinum Underwriters Holdings, Ltd. to make an election to receive [i] 0.2960 RenaissanceRe common shares and $35.96, [ii] $66.00, subject to proration, or [iii] 0.6504 RenaissanceRe common shares, subject to proration, for their Platinum common shares upon completion of the merger of Platinum with a wholly owned subsidiary of RenaissanceRe.
For Platinum shareholders to make a timely election, a properly completed letter of election and transmittal must be received by Computershare Trust Company, N.A., the exchange agent in connection with the merger, by the Election Deadline.
Platinum shareholders who do not make a valid election prior to the Election Deadline will be deemed to have elected to receive the Standard Election Consideration for their Platinum common shares upon completion of the merger.
Requests for additional copies of the letter of election and transmittal in connection with the merger may be directed to Computershare Trust Company, N.A., at [800] 546-5141.
The transaction remains subject to approval by the shareholders of Platinum at Platinum’s previously announced shareholder meeting scheduled to be held on February 27, 2015 at 9:00 a.m. Atlantic Time, at Platinum’s offices at Waterloo House, Pitts Bay Road, Bermuda, to, among other things, consider and approve the merger.
If the transaction is approved by Platinum’s shareholders, the parties expect the transaction to close on the morning of Monday, March 2, 2015.
