Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 108

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 108
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 merger-related compensation proposal : In accordance with Section 14A of the Exchange Act, Maiden is providing shareholders with the opportunity 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, as further described in the section of this proxy statement/prospectus entitled “PROPOSAL 6: Advisory Vote on Merger-Related Compensation for Maiden Named Executive Officers” beginning on page 186. Approving the advisory vote on merger-related compensation proposal requires the affirmative vote (in person or by proxy) of a majority of the votes cast “For” or “Against” the proposal. Accordingly, a Maiden shareholder’s failure to submit a proxy card or to vote in person at the Maiden special**

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meeting, an abstention from voting, or the failure of a Maiden shareholder who holds his or her shares in “street name” through a broker or other nominee to give voting instructions to such broker or other nominee will have no effect on the outcome of any vote to approve the advisory vote on merger-related compensation proposal .

Voting by Maiden’s Directors and Executive Officers

As of the record date, Maiden’s directors and executive officers and certain of their affiliates beneficially owned 13,339,619 Maiden shares entitled to vote at the Maiden special meeting. This represents approximately 11.6% of the voting power of the issued and outstanding Maiden shares entitled to be cast at the Maiden special meeting (or 9.2% if the voting cutback proposal is adopted). On December 29, 2024, Kestrel entered into the voting agreements. The voting agreements, among other things, require that the principal Maiden shareholders vote (or cause to be voted) all of the Maiden shares which they own in favor of adopting the combination agreement and the first merger and against certain other transactions. The voting agreements will terminate upon termination of the combination agreement and certain other specified events.

#### How to Vote
Maiden shareholders may vote using any of the following methods:

#### By Mail
If you received your Maiden special meeting materials by mail, you may complete, sign and date the proxy card or voting instruction form and return it in the prepaid envelope. If you are a shareholder of record and you return your signed proxy card but do not indicate your voting preferences, the persons named in the proxy card will vote the shares represented by that proxy as recommended by the Maiden board.

#### In Person at the