Company: KG
Filing Date: 2025-03-10
Form Type: S-4
Source: 0001104659-25-021993
Chunk: 269

Company: Kestrel Group Ltd
Filing Date: 2025-03-10
Form: S-4
Chunk 269
---
 votes to obtain approval of the first merger resolution.

Maiden is asking its shareholders to authorize the holder of any proxy solicited by the Maiden board to vote in favor of any adjournment to the Maiden special meeting to solicit additional proxies if there are insufficient Maiden shares represented (either in person or by proxy) to constitute a quorum necessary to conduct the business of the Maiden special general meeting, if a quorum is present and sufficient votes are not represented at the Maiden special meeting to approve the first merger resolution or to ensure that any supplement or amendment to the proxy statement/prospectus is timely provided to Maiden shareholders.

#### Vote Required
Approving the adjournment proposal requires the affirmative vote (in person or by proxy) of a majority of the votes cast “For” or “Against” the proposal. Accordingly, a Maiden shareholder’s failure to submit a proxy card or to vote in person at the Maiden special meeting, an abstention from voting, or the failure of a Maiden shareholder who holds his or her shares in “street name” through a broker or other nominee to give voting instructions to such broker or other nominee will have no effect on the outcome of any vote to approve the adjournment proposal.

#### Board Recommendation
**THE MAIDEN BOARD (OTHER THAN MESSRS. ZYSKIND AND NEUBERGER, WHO RECUSED THEMSELVES FROM DETERMINATIONS RELATING TO THE TRANSACTIONS CONTEMPLATED BY THE COMBINATION AGREEMENT DUE TO THEIR FINANCIAL INTEREST IN AMTRUST) UNANIMOUSLY RECOMMENDS THAT MAIDEN SHAREHOLDERS VOTE “FOR” PROPOSAL 4.**

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#### PROPOSAL 5:   BERMUDA NEWCO EQUITY PLAN PROPOSAL
Set forth below is a summary of the material terms of the equity incentive plan (the “Bermuda NewCo equity plan”) for service providers of Bermuda NewCo and its subsidiaries. The summary is qualified in its entirety by the specific language of the Bermuda NewCo equity plan, a copy of which is attached as Exhibit 10.49 to this proxy statement/prospectus. Capitalized terms used but not defined in the following summary have the meanings ascribed to such terms in the Bermuda NewCo equity plan. You are urged to read the Bermuda NewCo equity plan carefully and in its entirety.

The Maiden board and Maiden shareholders previously approved the Maiden Holdings, Ltd.