Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 263

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 263
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 The effective date of the resolution is the date when the resolution is signed by, or in the case of a Maiden shareholder that is a corporation on behalf of, the last Maiden shareholder whose signature results in the necessary voting majority being achieved.                                                                                                                                                                                                                                                                                                                                                                  | ​ | ​ | ​                                                                                                                                                                                                                                                                                                                                                                                                              | ​ |
| Approval of Certain Transactions | ​ | ​ | Amalgamations and Mergers: Under Bermuda law, the amalgamation or merger of a Bermuda company with another company or corporation (other than certain affiliated companies) requires the amalgamation or merger agreement to be approved by the company’s board of directors and by its shareholders. Unless the company’s bye-laws provide otherwise, the approval of 75% of the shareholders voting at a meeting of shareholders is required to approve the amalgamation or merger agreement, and the quorum for such meeting must be two or more persons holding or representing more than one-third of the issued shares of the | ​ | ​ | The same Bermuda Companies Act provisions on the approval of certain transactions are applicable to Bermuda NewCo.                                                                                                                                                                                                                                                                                             
 The Bermuda NewCo bye-laws provide that any resolution proposed for consideration at any general meeting to approve any merger, amalgamation, consolidation, business combination or similar transaction of Bermuda NewCo with any other company, wherever incorporated, shall require the approval of a simple majority of votes cast at such meeting and the quorum in which the required quorum is present. | ​ |

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TABLE OF CONTENTS

| ​ | ​ | ​ | MAIDEN                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | ​ | ​ | BERMUDA NEWCO                                                                                                                                                   | ​ |
| ​ | ​ | ​ | company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 The Maiden bye-laws provide that any resolution proposed for consideration at any general meeting to approve the amalgamation (but not a merger) of Maiden with any other company, wherever incorporated, shall require the approval of a simple majority of votes cast at such meeting in which the required quorum is present.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 Sale of Assets: The Bermuda Companies Act is silent on whether a company’s shareholders are required to approve a sale, lease or exchange of all or substantially all of a company’s property and assets. Bermuda law does require, however, that shareholders approve certain forms of mergers and reconstructions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 The Maiden bye-laws provide that with respect to a sale, lease, exchange, mortgage, pledge, transfer or other disposition of assets