Announcements
Completion of disposal
The Ardonagh Group Limited ("Ardonagh") today announces that on 1 January 2019 it completed the previously announced disposal of its Commercial MGA businesses to Arch UK Holdings Limited (“Arch”).
The Ardonagh Group Completes Acquisition of Swinton (Holdings) Limited and Exchange of Notes
Further to its 19 November 2018 announcement, The Ardonagh Group (“the Group”) announces that, following receipt of regulatory approval, it has completed the acquisition of Swinton (Holdings) Limited (“Swinton”) and has exchange its $235 million 8.625% senior secured temporary notes due 2023 (the “Temporary Notes”) for an equivalent amount of 8.625% senior secured notes due 2023 (the “New Notes”). The New Notes were issued pursuant to the Group’s existing senior secured notes indenture dated June 20, 2017.
The Ardonagh Group announces the release of a Shareholder Written Resolution
The Ardonagh Group announces the release of a Shareholder Written Resolution relating to the completion of its acquisition of Nevada Investment Holdings 2 Limited (“Nevada”), the issue of CECs as consideration for such acquisition together with consequential steps and a Group reorganisation re-positioning the subsidiaries of Nevada within the Group. The Written Resolution also authorises the amendment of certain provisions in the Articles of Association of the Company following the amendment of its Shareholder Agreement dated 27 December 2018.
The Ardonagh Group Q3 2018 Results
The Ardonagh Group (“Ardonagh” or the “Group”) today announces its financial results for the period ended 30 September 2018.
The Ardonagh Group Closes Mirror Notes Offering
Further to its 5 November 2018 announcement, The Ardonagh Group (“the Group”) announces that it has issued its $235 million 8.625% senior secured notes due 2023 (the “Notes”), pursuant to a temporary indenture. The proceeds will be used to finance in part the purchase of Swinton (Holdings) Limited*, as announced on 27 September 2018, in connection with the acquisitions of Minton House Group Limited, Health and Protection Solutions Limited and Professional Fee Protection Limited**, as announced on 29 October 2018, and for general corporate purposes including the funding of further acquisitions.
Q3 2018 results announcement
We are pleased to confirm that The Ardonagh Group (“the Group”) will be releasing Q3 results covering the nine months to 30 September 2018 shortly after 1700hrs (UK) on Wednesday 28 November 2018.