Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 3

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 3
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 of Maiden to remove the 9.5% voting limitation contained therein;

(2)

Proposal 2: to approve the first merger approval bye-law proposal, being the amendment of Bye-Law 87 of the Bye-Laws of Maiden to require that the first merger resolution (as defined below) shall be approved by a simple majority of votes cast at the Maiden special meeting;

(3)

Proposal 3: to approve the Statutory Merger Agreement and the merger of Ranger Bermuda Merger Sub Ltd. with and into Maiden, pursuant to and in accordance with the terms of the combination agreement and the Statutory Merger Agreement, with Maiden surviving as a direct wholly owned subsidiary of Ranger U.S. Newco LLC and an indirect wholly owned subsidiary of Bermuda NewCo (the “first merger resolution”);

(4)

Proposal 4: to authorize the adjournment of the special meeting by Maiden to permit further solicitation of proxies if a quorum is present and sufficient votes are not represented at the special meeting to approve the first merger resolution or to ensure that any supplement or amendment to the proxy statement/prospectus is timely provided to Maiden shareholders;

(5)

Proposal 5: to approve the equity incentive plan for service providers of Bermuda NewCo and its subsidiaries; and

(6)

Proposal 6: to approve, by a non-binding, advisory vote, the compensation that may be paid or become payable to Maiden’s named executive officers in connection with the mergers.

THE MAIDEN BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT MAIDEN SHAREHOLDERS VOTE “FOR” EACH PROPOSAL.

Holders of Maiden common shares (“Maiden shares”) of record at the close of business on March 18, 2025 are entitled to vote at the Maiden special meeting, or to approve the adjournment or postponement of the Maiden special meeting (if it is necessary or appropriate to solicit additional proxies if there are not sufficient votes to approve the proposals). A list of registered common shareholders as of the close of business on March 18, 2025 will be available for examination by any Maiden shareholder during normal business hours through April 29, 2025, at the principal executive offices of Maiden, at 48 Par-La-Ville Road, Suite 1141, Hamilton HM 11, Bermuda. As a Maiden shareholder, you are cordially invited to attend the meeting in person. Regardless of whether you expect to be present at the meeting, please either complete, sign