2017
Release of Shareholder Written Resolution (1)
KIRS Group today announces the release of a Shareholder Written Resolution relating to a change of Company Name.
Formation of Group Completed
KIRS Group Limited (“the Group”), the UK’s leading independent insurance intermediary group, has today confirmed the completion of the acquisitions of Direct Group and Chase Templeton, following the close of a successful £800 million sterling-equivalent bond offering.
Satisfaction of Conditions for Redemption of Bonds
KIRS Finco plc, formerly TIG Finco plc, (the “Issuer”) today announced the satisfaction of the conditions for the redemption in full of its £425,000,000 8.75% Senior Secured Notes due 2020 (the “Senior Secured Notes”) and £75,000,000 Floating Rate Super Senior Secured Notes due 2020 (the “Super Senior Secured Notes”, and together with the Senior Secured Notes, the “Notes”) for a redemption on June 23, 2017 (the “Redemption Date”).
Release of Shareholder Written Resolution
KIRS Group Limited (the “Company”) today announces the release of a shareholder written resolution requesting the approval of (1) the issue of convertible equity certificates (“CECs”) and subsequent conversion of CECs into ordinary shares in the Company, (2) the allotment and issue of new ordinary shares in Nevada Investment Holdings 5 Limited, (3) the allotment and issue of new ordinary shares in Nevada Investment Holdings 6 Limited, (4) the allotment and issue of new ordinary shares in Nevada Investment Holdings 7 Limited, and (5) the allotment and issue of new ordinary shares in Towergate Insurance Limited.
Pricing of Senior Secured Notes Announcement
KIRS Group Limited (‘KIRS’ or ‘The Group”)1, the UK’s leading independent insurance intermediary group, today announces that it has priced its offering of £400 million in aggregate principal amount of 8.375% Senior Secured Notes due 2023 and $520 million in aggregate principal amount of 8.625% Senior Secured Notes due 2023 (the “Notes”) following strong demand from investors in both the UK and globally.
The Group 2017 AGM Poll Results
The Group today announces that resolutions put to the Annual General Meeting (“AGM”) held on 25 May 2017 were all passed.