The Ardonagh Group Announces Appointment of Gordon Newman as Wholesale Segment Leader
The Ardonagh Group (“the Group”) today announces the appointment of Gordon Newman as Wholesale Segment Leader.
Name Change to Ardonagh
London 14 July 2017 - KIRS Midco 3 plc, which issued £400,000,000 in aggregate principal amount of 8.375% Senior Secured Notes due 2023 and $520,000,000 in aggregate principal amount of 8.625% Senior Secured Notes due 2023 pursuant to an indenture dated June 20, 2016, is pleased to confirm that it has changed its name from KIRS Midco 3 plc to Ardonagh Midco 3 plc with effect from today's date.
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.