Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 861

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 5
Chunk 861
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Market
Information for Ordinary Shares

The
Company’s ordinary shares and warrants are listed on The NASDAQ Capital Market under the symbols “OXBR” and “OXBRW,”
respectively.

Holders
of Record and Tax Information

As
of March 26, 2025, there were 18 holders of record of our ordinary shares. There are no current applicable Cayman Islands laws, decrees
or regulations relating to restrictions on the import or export of capital or exchange controls affecting remittances of dividends, interest
and other payments to non-resident holders of our ordinary shares. There are no existing laws or regulations of the Cayman Islands imposing
taxes or containing withholding provisions to which United States holders of our ordinary shares are subject. There are no reciprocal
tax treaties between the Cayman Islands and the United States.

Dividend
Policy

The
declaration and payment of dividends will be at the discretion of our Board of Directors and will depend on our results of operations
and cash flows, our financial position and capital requirements, general business conditions, rating agency guidelines (if applicable),
any legal, tax, regulatory and contractual restrictions on the payment of dividends, and any other factors considered relevant by our
Board of Directors. Our ability to pay dividends will also depend on the requirements of any future financing agreements to which we
may be a party and the ability of our reinsurance subsidiaries, or other subsidiaries, to pay dividends to us. Although Oxbridge Re Holdings
Limited is not subject to any significant legal prohibitions on the payment of dividends, Oxbridge Reinsurance Limited and Oxbridge Re
NS, our reinsurance subsidiaries, are subject to Cayman Islands regulatory constraints that affect their ability to pay dividends to
us and include a minimum net worth requirement. Currently, the minimum net worth requirement for Oxbridge Reinsurance Limited and Oxbridge
Re NS is $500. As of December 31, 2024, both subsidiaries exceeded the minimum requirement. By law, Oxbridge Reinsurance Limited and
Oxbridge Re NS is restricted from paying a dividend if such a dividend would cause its net worth to drop to less than the required minimum.

28

We
paid no dividends in both 2024 and 2023.

Any
future determination to declare cash dividends will be made at the discretion of our Board of Directors, subject to applicable laws,
and will depend on a number of factors, including our financial condition, results of operations, capital requirements, contractual restrictions,
general business conditions and other factors that