Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 89

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 89
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 outstanding ordinary shares. Following this offering, the Apollo Shareholders will collectively beneficially own approximately 84.3% of our ordinary shares (or 82.1% if the underwriters exercise in full their option to purchase additional ordinary shares from the selling shareholders). As a result, the Apollo Shareholders could exercise significant influence over all matters requiring shareholder approval for the foreseeable future, including approval of significant corporate transactions, appointment of members of our management, election of directors and determination of our corporate policies, which may impair the market price of our ordinary shares.

The interests of the Apollo Shareholders may conflict with the interests of our other shareholders. Actions that the Apollo Shareholders may take as shareholders may not be favorable to our other shareholders. For example, the concentration of voting power held by the Apollo Shareholders and the significant representation on the Board by individuals affiliated with Apollo could delay, defer or prevent a change of control of us or impede a merger, takeover or other business combination which another shareholder may otherwise view favorably. The concentration of voting power held by the Apollo Shareholders could deprive you of an opportunity to receive a premium for your ordinary shares as part of a sale of the Company and ultimately might affect the market price of our ordinary shares. Additionally, the Apollo Shareholders may, in their role as shareholders, vote in favor of a merger, takeover or other business combination transaction which our other shareholders may not consider in their best interests. Our Conflicts Committee reviews certain material transactions between Aspen Holdings and/or its subsidiaries and Apollo or Apollo’s non-Aspen affiliates that may present a conflict of interest. See “Material Contracts and Related Party Transactions—Policies and Procedures for Approval of Related Person Transactions.” However, these conflicts guidelines will not, by themselves, prohibit transactions with Apollo or its affiliates.

Apollo’s indirect subsidiary, AAME, is currently the investment manager for the Company and certain of the Company’s subsidiaries, and Apollo’s indirect subsidiary, Apollo Management, provides the Company with management consulting and advisory services. Investment management responsibilities under our IMAs with AAME have been novated to AAME LLP with effect from January 1, 2025. We expect to supersede and replace our IMAs with AAME LLP by entering into a new investment management agreement with Apollo Management International LLP (the “Amended and Restated Investment Management Agreement”). A form of our existing IMA, the form of deed of novation by and among us and AAME and AAME LLP and our Amended and Restated Investment Management Agreement that we expect