Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 260

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 260
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 such a meeting is necessary.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 The Bermuda NewCo board shall not be required to convene a special general meeting upon the requisition of Bermuda NewCo shareholders, except to the extent required by applicable law, including the Bermuda Companies Act. Under the Bermuda Companies Act, there is a statutory right that the directors of a company, notwithstanding anything in its bye-laws, shall, on the requisition of shareholders holding at the date of the deposit of the requisition not less than one-tenth of the paid-up share capital of the company carrying the right to vote at general meetings, forthwith proceed to convene a special general meeting of the company. | ​ |
| Notice Required for Shareholder Nominations and Other Proposals | ​ | ​ | Nominations:   At an annual general meeting, such notice must be given not less than 90 days nor more than 120 days before the anniversary of the last annual general meeting prior to the giving of the notice or, in the event the annual general meeting is called for a date that is not 30 days before or after such anniversary the notice must be given not later than 10 days following the earlier of the date on which notice of the annual | ​ | ​ | Subject to the registration and investor rights agreements and related bye-laws, the Bermuda NewCo bye-laws contain a substantially similar provision.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | ​ |

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TABLE OF CONTENTS

| ​      | ​ | ​ | MAIDEN                                                                                                                                                                                                                                                                                                                                                                                                                                               | ​ | ​ | BERMUDA NEWCO                                                                                                                                                                                                                                                                                                                                                                                                                                                               | ​ |
| ​      | ​ | ​ | general meeting was posted to Maiden shareholders or the date on which public disclosure of the date of the annual general meeting was made.                                                                                                                                                                                                                                                                                                         
 At a special general meeting, such notice must be given not later than 10 days following the earlier of the date on which notice of the special general meeting was posted to Maiden shareholders or the date on which public disclosure of the date of the special general meeting was made.                                                                                                                                                        | ​ | ​ | ​                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | ​ |
| ​      | ​ | ​ | Proposals:   Under Bermuda law, shareholders may, at their own expense (unless the company otherwise resolves), as set out below, require a company to give notice of any resolution that shareholders can properly propose at the next annual general meeting and/or to circulate a statement (of not more than 1,000 words) in respect of any matter referred