|
|
Article: Aspen Insurance Holdings Limited Announces Commencement of Ordinary Shares and Perpetual PIERS Offering.
- Article from:
- Business Wire
- Article date:
- December 6, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
HAMILTON, Bermuda -- Aspen Insurance Holdings Limited ("Aspen") (NYSE:AHL) (BSX:AHL BH) announced today that it has commenced a public offering of its ordinary shares. Of the ordinary shares being offered, Aspen is offering approximately $200 million of ordinary shares and Wellington Underwriting plc (the "Selling Shareholder") is offering up to six million ordinary shares, representing 61% of the Selling Shareholder's currently outstanding ordinary shares (excluding exercisable options to purchase 3,781,120 ordinary shares). The underwriter has an option to purchase from Aspen up to approximately $52 million of additional ordinary shares to cover over-allotments, if any. ...