Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 260

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 260
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 approved by a resolution of the Maiden board and the Maiden shareholders. Bermuda law provides that the memorandum of association of a company may be amended by a resolution passed at a general meeting of shareholders of which due notice has been given.                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 Under Bermuda law, the holders of an aggregate of not less than 20% in par value of a company’s issued share capital or any class thereof or the holders of not less than 20% of the debentures entitled to object to amendments to the memorandum of association have the right to apply to the Bermuda Court for an annulment of any amendment to the memorandum of association adopted by shareholders at any general meeting. This does not apply to an amendment that alters or reduces a company’s share capital as provided in sections 45 and 46 of the Bermuda Companies Act. Upon such application, the alteration will not have effect until it is confirmed by the Bermuda Court. An application for an annulment of an amendment to the memorandum of association must be made within 21 days after the date on which the resolution altering the company’s memorandum of association is passed and may be | ​ | ​ | The same amendment to the memorandum of association process under Bermuda law is applicable to Bermuda NewCo. | ​ |

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TABLE OF CONTENTS

| ​                                                               | ​ | ​ | MAIDEN                                                                                                                                                                                                                                                                                                                                                                                                                                                | ​ | ​ | BERMUDA NEWCO                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | ​ |
| ​                                                               | ​ | ​ | made on behalf of persons entitled to make the application by one or more of their number as they may appoint in writing for the purpose. No application may be made by shareholders voting in favor of the amendment.                                                                                                                                                                                                                                | ​ | ​ | ​                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | ​ |
| Amendments to Bye-laws                                          | ​ | ​ | The Maiden bye-laws provide that no bye-law may be rescinded, altered or amended and no new bye-law may be made until the same has been approved by a resolution of the Maiden board and by a resolution of the Maiden shareholders.                                                                                                                                                                                                                  | ​ | ​ | The Bermuda NewCo bye-laws contain an identical provision.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | ​ |
| Classified Board                                                | ​ | ​ | None.                                                                                                                                                                                                                                                                                                                                                                                                                                                 | ​ | ​ | None.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | ​ |
| Cumulative Voting                                               | ​ | ​ | The Maiden shareholders are not entitled to vote on a cumulative basis.                                                                                                                                                                                                                                                                                                                                                                               | ​ | ​ | The Bermuda