Company: KG
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0001104659-25-028251
Chunk: 13

Company: Kestrel Group Ltd
Filing Date: 2025-03-26
Form: 424B3
Chunk 13
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 the one hand, and Kestrel and the Kestrel equityholders, on the other hand, to consummate the transaction is also conditioned on, among other things, the accuracy of the representations and warranties made by the other party as of the closing date (subject to certain “materiality” and “material adverse effect” qualifiers), the compliance by the other party in all material respects with its covenants, and other customary conditions to closing. For a more complete summary of the conditions that must be satisfied or waived prior to completion of the transaction, see “The Combination Agreement — Conditions to the Completion of the Transaction” beginning on page 130.

**Q:**

#### What constitutes a quorum?
**A:

Two or more persons present in person at the start of the special meeting and representing in person or by proxy in excess of 50% of the total Maiden shares issued and outstanding will constitute a quorum for the transaction of business at the Maiden special meeting. Shareholder abstentions and broker non-votes will be included in the number of shareholders present at the Maiden special meeting for the purpose of determining the presence of a quorum. If within 30 minutes from the time appointed for the Maiden special meeting a quorum of Maiden shares is not present, the Maiden special meeting shall stand adjourned to the same day one week later, at the same time and place or to such other day, time or place as Maiden’s corporate secretary may determine. Unless the Maiden special meeting is adjourned to a specific date, place and time announced at the Maiden special meeting being adjourned, fresh notice of the date, place and time for the resumption of the adjourned Maiden special meeting shall be given to each shareholder entitled to attend and vote at such meeting. As of March 18, 2025, the record date for the Maiden special meeting, 72,753,471 Maiden shares would be required to achieve a quorum.

Q:**

#### What vote is required to approve each proposal?
**A:**

#### Voting cutback proposal
: Approving the voting cutback 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 meeting,

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an abstention from voting, or the failure of a Maiden shareholder who holds his or her shares in