Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 317

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 317
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, at a redemption price of $25,500 per AHL PRE Share (equivalent to $25.50 per AHL PRE Depositary Share or 1/1,000th of the redemption price per AHL PRE Share), plus an amount equal to the portion of the quarterly dividend attributable to the then-current dividend period, if any, to, but excluding, the date of redemption, without accumulation of any undeclared dividends, within 90 days after the occurrence of certain adverse rating agency events, including the lowering of the equity credit assigned by a rating agency to our AHL PRE Shares.

If our AHL PRE Shares are redeemed, in whole or in part, a corresponding number of AHL PRE Depositary Shares will be redeemed as of the same redemption date.

Our AHL PRE Depositary Shares are listed on the NYSE under the symbol “AHLPRE.”

7.00% Perpetual Non-Cumulative Preference Shares Represented by AHL PRF Depositary Shares

In September 2024, the Board authorized the issuance and sale of our AHL PRF Shares, with a liquidation preference of $25,000 per share, and AHL PRF Depositary Shares each representing a 1/1000th interest in a share of an AHL PRF Share. In November 2024, we issued 9,000 AHL PRF Shares represented by 9,000,000 AHL PRF Depositary Shares for an aggregate amount of $225.0 million. Each AHL PRF Depositary Share is evidenced by a depositary receipt. The underlying AHL PRF Shares are deposited with the Depositary, pursuant to a deposit agreement among us, Computershare Inc. and Computershare Trust Company, N.A., acting jointly as Depositary, and the holders from time to time of the depositary receipts (the “2024 Deposit Agreement”). Subject to the terms of the 2024 Deposit Agreement, each owner of a depositary receipt is entitled, in proportion to the fractional interest of an AHL PRF Share evidenced by that depositary receipt, to all the rights and preferences of AHL PRF Shares represented by those AHL PRF Depositary Shares (including any dividend, liquidation, redemption and voting rights). If the AHL PRF Shares are exchanged for new securities, each AHL PRF Depositary Share will represent the same percentage interest in such new security, and will be evidenced by a depositary receipt.

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Dividends on our AHL PRF Shares are payable on a non-cumulative basis