UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 2, 2019
Global Indemnity Limited
(Exact name of registrant as specified in its charter)
Cayman Islands | 001-34809 | 98-1304287 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
27 Hospital Road George Town, Grand Cayman KY1-9008, Cayman Islands |
None | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (345) 949-0100
Not Applicable
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol |
Name of each exchange on which registered | ||
A Ordinary Shares | GBLI | NASDAQ Global Select Market | ||
7.75% Subordinated Notes due 2045 | GBLIZ | NASDAQ Global Select Market | ||
7.875% Subordinated Notes due 2047 | GBLIL | NASDAQ Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events |
On June 3, 2019, Global Indemnity Limited (Global Indemnity) announced that its board of directors approved on June 2, 2019 a dividend payment of $0.25 per ordinary share with a payment date of June 28, 2019 to all shareholders of record as of the close of business on June 21, 2019. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 | Other Events |
(d) | Exhibits |
Exhibit No. |
Description | |
99.1 |
Press release of Global Indemnity Limited dated June 3, 2019. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Global Indemnity Limited | ||||||
June 3, 2019 | By: | /s/ Thomas M. McGeehan | ||||
Name: Thomas M. McGeehan | ||||||
Title: Chief Financial Officer |
Exhibit 99.1
PRESS RELEASE
For release: | June 3, 2019 | |
Contact: | Media | |
Stephen W. Ries | ||
Senior Corporate Counsel | ||
(610) 668-3270 | ||
sries@global-indemnity.com |
Global Indemnity Limited Announces Quarterly Dividend
George Town, Cayman Islands (June 3, 2019) Global Indemnity Limited (NASDAQ:GBLI) (Global Indemnity) announced today its Board of Directors has approved a dividend payment of $0.25 per ordinary share to be paid on June 28, 2019 to all shareholders of record as of the close of business on June 21, 2019.
About Global Indemnity Limited and its subsidiaries
Global Indemnity Limited (NASDAQ:GBLI), through its several direct and indirect wholly owned subsidiary insurance and reinsurance companies, provides both admitted and non-admitted specialty property and casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance worldwide. Global Indemnity Limiteds four primary segments are:
| United States Based Commercial Specialty |
| United States Based Specialty Property |
| United States Based Farm, Ranch, & Stable |
| Bermuda Based Reinsurance |
For more information, visit the Global Indemnity Limiteds website at http://www.globalindemnity.ky.
Forward-Looking Information
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements contained in this press release [1] do not address a number of risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements related to Global Indemnitys cash dividend. These statements are based on current expectations as of the time of this press release and involve a number of risks, uncertainties and assumptions, including those described in Global Indemnitys filings with the Securities and Exchange Commission. Investors are cautioned that it is not possible for Global Indemnity to predict all risks, nor can we assess the impact of all factors on its business or to the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. All forward-looking statements in this press release are based on information available to Global Indemnity as of the date hereof. Please see Global Indemnitys filings with the Securities and Exchange Commission for a discussion of risks and uncertainties which could impact the company and for a more detailed explication regarding forward-looking statements. Global Indemnity does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
1 Disseminated pursuant to the safe harbor provisions of Section 21E of the Security Exchange Act of 1934.