Press Releases
Results of Catlin Group Limited AGM voting
25 May 2007
HAMILTON, Bermuda - All of the resolutions proposed at Catlin Group Limited's Annual General Meeting, held on Thursday 24 May 2007 in Bermuda, were duly passed by shareholders. Proxies were received in respect of 134,804,470 common shares, representing 53 per cent of the shares in issue.
The results of the proxy voting on each resolution were as follows:
|
|
Resolution |
Votes |
Proxy |
Votes |
Votes | |
|
1. |
To receive the Annual |
131,206,876 |
29,401 |
67,372 |
3,500,821 | |
|
2. |
To approve the Directors' |
127,619,527 |
29,401 |
6,973,057 |
182,485 | |
|
3. |
To re-appoint |
131,363,218 |
29,401 |
289,396 |
3,122,455 | |
|
4. |
To authorise the Board to |
134,755,568 |
29,401 |
19,284 |
217 | |
|
5. |
To declare a final dividend |
134,630,385 |
29,401 |
0 |
144,684 | |
|
6. |
To re-elect Mr Stephen Catlin |
134,625,623 |
29,401 |
128,300 |
21,146 | |
|
7. |
To re-elect Mr Christopher |
134,625,623 |
29,401 |
128,300 |
21,146 | |
|
8. |
To elect Mr Alton Irby |
134,769,782 |
29,401 |
217 |
5,070 | |
|
9. |
To elect Mr Kenneth |
134,769,782 |
29,401 |
217 |
5,070 | |
|
10. |
To authorise the Board |
134,763,602 |
29,401 |
11,467 |
0 | |
|
11. |
To disapply pre-emption |
134,754,569 |
29,401 |
13,648 |
6,852 | |
|
12. |
To authorise market |
134,561,483 |
189,943 |
53,044 |
0 | |
A “Vote Withheld” is not a vote in law and is not counted in the votes “For” and “Against” a resolution.
Resolutions 1-10 were ordinary resolutions, and Resolutions 11 and 12 were special resolutions. A copy of the resolutions has been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility at:
Financial Services Authority
25 The North Colonade
Canary Wharf
London E14 5HS
Following the approval of Resolutions 8 and 9 Alton Irby and Kenneth Goldstein have been appointed non-executive directors of Catlin Group Limited.
- ends -
For more information contact:
|
Media Relations: |
||
|
James Burcke, |
Tel: |
+44 (0)20 7458 5710 |
|
Liz Morley, Maitland |
Tel: |
+44 (0)20 7379 5151 |
|
Investor Relations: |
||
|
William Spurgin, |
Tel: |
+44 (0)20 7458 5726 |
Notes to editors:
|
1. |
Catlin Group Limited, headquartered in Bermuda, is an international specialist property/casualty insurer and reinsurer writing more than 30 classes of business worldwide through four underwriting platforms and an international network of offices. Catlin shares are traded on the London Stock Exchange (ticker symbol: CGL). More information about Catlin can be found at www.catlin.com. | |
|
2. |
On 18 December 2006, Catlin’s offer to acquire Wellington Underwriting plc was declared unconditional. Combined, Catlin and Wellington underwrote gross premiums of US$2.7 billion during 2006 and produced net income of US$428.5 million. At 31 December 2006, Catlin’s total assets amounted to US$8.8 billion and stockholders’ equity amounted to US$2.0 billion. | |
|
3. |
Catlin’s four underwriting platforms are:
| |
|
4. |
Catlin’s international network of offices allows the Group to diversify further its risk portfolio and to work more closely with local policyholders and brokers. Besides its offices in the UK, US and Bermuda, Catlin operates offices in Canada, Australia, Singapore, Malaysia, Hong Kong, China, Guernsey, Germany, Belgium, France, Spain, Switzerland and Austria. |







