Company: KG
Filing Date: 2025-03-10
Form Type: S-4
Source: 0001104659-25-021993
Chunk: 19

Company: Kestrel Group Ltd
Filing Date: 2025-03-10
Form: S-4
Chunk 19
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 use in effecting the exchange of Maiden shares for the merger consideration. After receiving the proper documentation from a Maiden shareholder, the paying agent will deliver to such holder the Bermuda NewCo common shares to which such holder is entitled under the combination

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agreement. More information on the documentation a Maiden shareholder is required to deliver to the paying agent may be found under the section entitled “The Combination Agreement — Conversion and Exchange of Maiden Shares” beginning on page 112.

Book Entry Shares : Each holder of record of one or more book entry Maiden shares whose shares will be converted into the right to receive the merger consideration will automatically, upon the second merger effective time, be entitled to receive, and the paying agent will deliver to such holder as promptly as practicable after the second merger effective time, the Bermuda NewCo common shares to which such holder is entitled under the combination agreement. Holders of book entry shares will not be required to deliver a certificate but may, if required by the paying agent, be required to deliver an executed letter of transmittal to the paying agent in order to receive the merger consideration.

Q:

What happens if I sell my Maiden shares before the Maiden special meeting?

A:

The record date for the Maiden special meeting (the “record date”), is earlier than the date of the Maiden special meeting and the date that the transaction is expected to be completed. If you transfer your shares after the record date, but before the Maiden special meeting, unless the transferee requests a proxy, you will retain your right to vote at the Maiden special meeting, but will have transferred the right to receive the merger consideration in the mergers. In order to receive the merger consideration, you must hold your Maiden shares through the completion of the mergers.

Q:

What happens if I sell my Maiden shares after the Maiden special meeting, but before the closing of the mergers?

A:

If you transfer your Maiden shares after the Maiden special meeting, but before the closing of the mergers, you will have transferred the right to receive the merger consideration in the mergers. In order to receive the merger consideration, you must hold your Maiden shares through completion of the mergers.

#### About the Maiden special meeting
**Q:

When and where will the Maiden special meeting be held?

A:

The Maiden special meeting will be held at the on , 2025, at , Atlantic Standard Time, unless the Maiden special meeting is adjourned or postponed.

Q:

Who is entitled to