Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 101

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 101
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, (2) pledging, hypothecating, granting or making any related transfer of our ordinary shares to any third-party pledgee in a bona fide transaction as collateral to secure obligations pursuant to lending or other arrangements between such third parties (or their affiliates or designees) and the lock-up party and/or its affiliates or any similar arrangement relating to a financing arrangement for the benefit of the lock-up party and/or its affiliates (provided that any such third-party pledgee shall sign and deliver a lock‑up agreement to the representatives of the underwriters), and (3) pledging, hypothecating, granting or making any related transfer of our ordinary shares pursuant to a bona fide loan or pledge and/or as a grant or maintenance of a bona fide lien, security interest, pledge or other similar encumbrance of any of our ordinary shares or derivative securities owned by the lock-up party to a nationally or internationally recognized financial institution in connection with a loan to the lock-up party, (provided, however, that (i) any such financial institution shall sign and deliver a lock up agreement to the representatives of the underwriters and (ii) the lock-up party or Aspen, as the case may be, shall provide the representatives of the underwriters prior written notice informing them of any public filing, report or announcement made by or on behalf of the lock-up party or Aspen with respect thereto). Upon the expiration of these lock-up agreements, all of such ordinary shares will be eligible for resale in the public market, subject, in the case of ordinary shares held by our affiliates, to volume, manner of sale and other limitations under Rule 144 and Rule 701. The market price of our ordinary shares may decline when the restrictions on resale lapse. A decline in the price of our ordinary shares might impede our ability to raise capital through the issuance of additional ordinary shares or other equity securities. For more information, see “Description of Share Capital” and “Shares Eligible for Future Sale.”

The Apollo Shareholders have engaged, and may continue to engage, in financing transactions whereby our ordinary shares are pledged as security.

In connection with the Private Facility, each of AP Highlands Holdings and AP Highlands Co-Invest has pledged all of our ordinary shares that it owns as collateral for borrowings under the Private Facility, excluding those shares being sold in this offering by each of AP Highlands Holdings and AP Highlands Co-Invest, pursuant to the Term Loan Agreements with customary default provisions. Additionally, the Apollo Shareholders may from time to time engage