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BSX Approves Secondary Listing of Montpelier Re Holdings Ltd. Preferred Shares
Hamilton, Bermuda: 16 June 2011 – The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of Montpelier Re Holdings Ltd. 8.875% Non-Cumulative Perpetual Preferred Shares Series A (NYSE Ticker MRH PFD) pursuant to Section IIIA of the BSX Listing Regulations pertaining to International Issuers of Equity Securities. The listing on the BSX is a secondary listing and is effective from 12 May 2011.
Montpelier Re Holdings Ltd. was incorporated as an exempted Bermuda limited liability company under the laws of Bermuda in November 2001. The Company, through its subsidiaries in Bermuda, the U.S., the United Kingdom and Switzerland, provides customized and innovative insurance and reinsurance solutions to the global market.
The proceeds of the Preferred Shares are for general corporate purposes and, in particular, to support the underwriting activities of the Company’s insurance and reinsurance subsidiaries.
LOM Capital Limited sponsored the listing of the Preferred Shares and has also been appointed ongoing listing sponsor.
James McKirdy, Chief Compliance Officer of the BSX stated, “We are delighted to welcome Montpelier Re Holdings Ltd. Preferred Shares to the Official List of the BSX. The BSX Listing Regulations for International Issuers of Equity Securities are specifically designed to facilitate the listing of this type of security.”
Mr. McKirdy continued, “This is yet another issuance of Preferred Shares that have taken advantage of the Exchange’s Listing Regulations for Equity Securities and we are extremely pleased to be working with Montpelier Re Holdings Ltd., and LOM Capital Limited.”
Grant Hopkins of LOM Capital Limited noted, “We are pleased to continue our relationship with Montpelier Re. As ongoing listing sponsor of the company’s common shares on the BSX, acting as listing sponsor for the Preferred Shares was a natural fit. We look forward to working with Montpelier Re Holdings in the future.”
For further information on Montpelier Re Holdings Ltd. Preferred Shares, please contact Jeannine Menzies at Montpelier Re at 1-441-299-7570 or jeannine.menzies@montpelierre.bm.