Company: MHLA
Filing Date: 2025-03-26
Form Type: DEFM14A
Source: 0001104659-25-028254
Chunk: 252

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-26
Form: DEFM14A
Chunk 252
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 but does not purport to be a complete summary of all those differences, or a complete description of the specific provisions referred to in this summary. The following description is qualified, except where otherwise provided, by reference to the Maiden memorandum of association and the Maiden bye-laws and the Bermuda NewCo memorandum of association and the Bermuda NewCo bye-laws. The identification of specific differences is not intended to indicate that other equally significant or more significant differences do not exist. Shareholders should read carefully the relevant portions of the Bermuda Companies Act and Maiden’s and Bermuda NewCo’s respective memorandum of association and bye-laws. Copies of the documents referred to in this summary may be obtained as described in the section of this proxy statement/prospectus entitled “Where You Can Find More Information” beginning on page 190.

| ​                  | ​ | ​ | MAIDEN                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | ​ | ​ | BERMUDA NEWCO                                                                                                                                                                                                                                                                                                                                                                                     | ​ |
| Authorized Capital | ​ | ​ | Maiden has an authorized share capital of $2,000,000 consisting of 200,000,000 shares of par value $0.01 each.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
 As of close of business on March 18, 2025, there were issued and outstanding 100,756,263 Maiden shares (including 1,265,491 Maiden restricted shares) and there were issued and outstanding 145,506,941 Maiden shares when including the 44,750,678 Maiden shares held by Maiden Re, which are treated as treasury shares. Additionally, as of March 18, 2025, 1,291,729 Maiden shares were reserved for issuance under Maiden equity plans. Upon the exercise or settlement of all of Maiden’s outstanding equity awards that will settle in shares, there would be 148,614,657 issued and outstanding Maiden shares (when including the 44,750,678 Maiden shares held by Maiden Re). | ​ | ​ | Bermuda NewCo will have an authorized share capital of $425,000 consisting of 42,500,000 shares of par value $0.01 each.                                                                                                                                                                                                                                                                          
 At the closing, there will be issued and outstanding approximately 7,787,813 Bermuda NewCo common shares and 2,237,533 Bermuda NewCo common shares held by its affiliate Maiden Reinsurance Ltd., which are treated as treasury shares. Additionally, as of closing, it is expected that 1,205,000 Bermuda NewCo common shares will be reserved for issuance