Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 397

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 397
---
 and our executive officers, directors and the Apollo Shareholders will agree with the underwriters, subject to certain exceptions, not to dispose of or hedge any of our ordinary shares or securities convertible into or exchangeable for our ordinary shares during the period from the date of this prospectus continuing through the date 180 days after the date of this prospectus, except with the prior written consent of any two of the representatives of the underwriters. These lock-up agreements contain important exceptions that govern their applicability, including, with respect to the Apollo Shareholders, (1) the pledge or related transfer of our ordinary shares as collateral or security pursuant to the Private Facility, including in connection with any foreclosure and transfer in connection therewith, (2) pledging, hypothecating, granting or making any related transfer of our ordinary shares to any third-party pledgee in a bona fide transaction as collateral to secure obligations pursuant to lending or other arrangements between such third parties (or their affiliates or designees) and the lock-up party and/or its affiliates or any similar arrangement relating to a financing arrangement for the benefit of the lock-up party and/or its affiliates (provided that any such third-party pledgee shall sign and deliver a lock‑up agreement to the representatives of the underwriters), and (3) pledging, hypothecating, granting or making any related transfer of our ordinary shares pursuant to a bona fide loan or pledge and/or as a grant or maintenance of a bona fide lien, security interest, pledge or other similar encumbrance of any of our ordinary shares or derivative securities owned by the lock-up party to a nationally or internationally recognized financial institution in connection with a loan to the lock-up party, (provided, however, that (i) any such financial institution shall sign and deliver a lock up agreement to the representatives of the underwriters and (ii) the lock-up party or Aspen, as the case may be, shall provide the representatives of the underwriters prior written notice informing them of any public filing, report or announcement made by or on behalf of the lock-up party or Aspen with respect thereto). See the section titled “Shares Eligible for Future Sale” for a discussion of certain transfer restrictions.

Immediately prior to this offering, there has been no public market for our ordinary shares. The initial public offering price has been negotiated among us, the selling shareholders and the representatives of the underwriters. Among the factors to be considered in determining the initial public offering price of our ordinary shares, in addition to prevailing market conditions,