Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 320

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 320
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ual Non-Cumulative Preference Shares Represented by AHL PRF Depositary Shares

In September 2024, the Board authorized the issuance and sale of our AHL PRF Shares, with a liquidation preference of $25,000 per share, and AHL PRF Depositary Shares each representing a 1/1000th interest in a share of an AHL PRF Share. In November 2024, we issued 9,000 AHL PRF Shares represented by 9,000,000 AHL PRF Depositary Shares for an aggregate amount of $225.0 million. Each AHL PRF Depositary Share is evidenced by a depositary receipt. The underlying AHL PRF Shares are deposited with the Depositary, pursuant to a deposit agreement among us, Computershare Inc. and Computershare Trust Company, N.A., acting jointly as Depositary, and the holders from time to time of the depositary receipts (the “2024 Deposit Agreement”). Subject to the terms of the 2024 Deposit Agreement, each owner of a depositary receipt is entitled, in proportion to the fractional interest of an AHL PRF Share evidenced by that depositary receipt, to all the rights and preferences of AHL PRF Shares represented by those AHL PRF Depositary Shares (including any dividend, liquidation, redemption and voting rights). If the AHL PRF Shares are exchanged for new securities, each AHL PRF Depositary Share will represent the same percentage interest in such new security, and will be evidenced by a depositary receipt.

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Table of C ontents

Dividends on our AHL PRF Shares are payable on a non-cumulative basis only when, as and if declared by the Board at the annual rate of 7.00% of the $25,000 liquidation preference of each AHL PRF Share, payable quarterly in cash on January 1, April 1, July 1 and October 1 of each year, commencing on April 1, 2025. In the event of our liquidation, winding up or dissolution, our ordinary shares will rank junior to our AHL PRF Shares and AHL PRF Depositary Shares. Generally, unless the full dividends for the most recently ended dividend period on all outstanding AHL PRF Shares have been declared and paid, we cannot declare or pay a dividend on our ordinary shares. Any dividend or other distribution (including upon our voluntary or involuntary liquidation, dissolution or winding-up) paid in respect of an AHL PRF