Company: KG
Filing Date: 2025-03-24
Form Type: S-4/A
Source: 0001104659-25-027242
Chunk: 32

Company: Kestrel Group Ltd
Filing Date: 2025-03-24
Form: S-4/A
Chunk 32
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 of the record date, there were 145,506,941 Maiden shares outstanding and entitled to vote at the Maiden special meeting, including, subject to the approval of the voting cutback proposal, 44,750,678 Maiden shares held by Maiden Re.

Vote Required

#### Voting cutback proposal
: Approving the voting cutback 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 voting cutback proposal.

#### First merger approval bye-law proposal
: Approving the first merger approval bye-law 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 first merger approval bye-law resolution.

#### First merger resolution
: Approving the first merger resolution requires (i) if the first merger approval bye-law proposal is approved, the affirmative vote (in person or by proxy) of a majority of the votes cast “For” or “Against” the proposal and (ii) if the first merger approval bye-law proposal is not approved, the affirmative vote (in person or by proxy) of a majority of three-fourths 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 the vote to approve the first merger resolution .

#### Adjournment proposal
: Approving the adjournment proposal requires the affirmative vote (in person or by proxy)