Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 255

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 255
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 partly in specie in which case the Maiden board may fix the value for distribution in specie of any assets. No unpaid dividend shall bear interest as against Maiden. 
 The Maiden board may fix any date as the record date for determining the Maiden shareholders entitled to receive any dividend.                                                                                                                                                                                                                                                                                                               
 Maiden may pay dividends in proportion to the amount paid up on each share where a larger amount is paid up on some shares than on others.                                                                                                                                                                                                                                                                                                   
 The Maiden board may declare and make such other distributions (in cash                                                                                                                                                                                                                                                                                                                                                                      | ​ | ​ | The Bermuda NewCo bye-laws contain identical provisions. | ​ |

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| ​                             | ​ | ​ | MAIDEN                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | ​ | ​ | BERMUDA NEWCO                                                                                   | ​ |
| ​                             | ​ | ​ | or in specie) to the Maiden shareholders as may be lawfully made out of the assets of Maiden. No unpaid distribution shall bear interest as against Maiden.                                                                                                                                                                                                                                                                                                                                        
 The Maiden board may, before declaring a dividend, set aside out of the surplus or profits of Maiden, such amount as it thinks proper as a reserve to be used to meet contingencies or for equalizing dividends or for any other purpose.                                                                                                                                                                                                                                                          
 Any dividend and or other moneys payable in respect of a share which has remained unclaimed for 7 years from the date when it became due for payment shall, if the Maiden board so resolves, be forfeited and cease to remain owing by Maiden. The payment of any unclaimed dividend or other moneys payable in respect of a share may (but need not) be paid by Maiden into an account separate from Maiden’s own account. Such payment shall not constitute Maiden a trustee in respect thereof. | ​ | ​ | ​                                                                                               | ​ |
| Pre-emptive rights            | ​ | ​ | Under Bermuda law, no shareholder has a pre-emptive right to subscribe for additional issues of a company’s shares unless, and to the extent that, the right is expressly granted to the shareholder under the bye-laws of the company or under any contract between the shareholder and the company.                                                                                                                                                                                              
 The Maiden bye-laws are silent with respect to pre-emptive rights for shareholders.                                                                                                                                                                                                                                                                                                                                                                                                                | ​ | ​ | The Bermuda NewCo bye-laws are also silent with respect to pre-emptive rights for shareholders. | ​ |
| Repurchase/Purchase of Shares | ​ | ​ | Under