Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 101

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 101
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 of any class or series of shares ranking senior to our Preference Shares as to dividend rights or rights upon liquidation and (2) for amendments to our memorandum of association or our bye-laws that would materially adversely affect the rights of holders of our Preference Shares, in each case as further described under “Description of Share Capital—Outstanding Series of Preference Shares—Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares,” “—5.625% Perpetual Non-Cumulative Preference Shares,” “—5.625% Perpetual Non-Cumulative Preference Shares Represented by AHL PRE Depositary Shares” and “—7.00% Perpetual Non-Cumulative Preference Shares Represented by AHL PRF Depositary Shares.” Accordingly, our ability to engage in certain transactions may be constrained by the voting rights of holders of our Preference Shares, which may deprive you of an opportunity to receive a premium for your ordinary shares as part of a sale of the Company and ultimately might affect the market price of our ordinary shares.

In addition, if dividends on our Preference Shares have not been declared or paid for the equivalent of six dividend periods, whether or not for consecutive dividend periods, holders of our issued Preference Shares, and in turn, the Depositary Shares, voting together as a single class, will be entitled to appoint two additional directors to the Board subject to the terms and to the limited extent described under “Description of Share Capital—Outstanding Series of Preference Shares—Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares,” “—5.625% Perpetual Non-Cumulative Preference Shares,” “—5.625% Perpetual Non-Cumulative Preference Shares Represented by AHL PRE Depositary Shares” and “—7.00% Perpetual Non-Cumulative Preference Shares Represented by AHL PRF Depositary Shares.” Any changes to the composition of the Board may affect our strategy and operations and the appointment of additional directors to the Board by holders of our Preference Shares could prevent a change of control of the Company or other actions the result of which could impair the prevailing market price of our ordinary shares.

Additionally, our Preference Shares rank senior to our ordinary shares with respect to the payment of dividends. As a result, unless the full dividends for the most recently ended dividend period on all outstanding Preference Shares have been declared and paid (or declared and a sum sufficient for the payment thereof has been set aside), we cannot declare or pay a dividend on our ordinary shares. If we