0000930413-11-004806.txt : 20110718 0000930413-11-004806.hdr.sgml : 20110718 20110718173223 ACCESSION NUMBER: 0000930413-11-004806 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110718 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110718 DATE AS OF CHANGE: 20110718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: XL GROUP PLC CENTRAL INDEX KEY: 0000875159 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 980665416 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10804 FILM NUMBER: 11973020 BUSINESS ADDRESS: STREET 1: NO. 1 HATCH STREET UPPER STREET 2: 4TH FLOOR CITY: DUBLIN STATE: L2 ZIP: 2 BUSINESS PHONE: 353-1-405-2033 MAIL ADDRESS: STREET 1: NO. 1 HATCH STREET UPPER STREET 2: 4TH FLOOR CITY: DUBLIN STATE: L2 ZIP: 2 FORMER COMPANY: FORMER CONFORMED NAME: XL CAPITAL LTD DATE OF NAME CHANGE: 19990302 FORMER COMPANY: FORMER CONFORMED NAME: EXEL LTD DATE OF NAME CHANGE: 19950720 8-K 1 c66298_8k.htm

 

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):  July 18, 2011

XL GROUP

Public Limited Company

(Exact name of registrant as specified in its charter)

Ireland 1-10804 98-0665416

(State or other jurisdiction of
incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

 

No. 1 Hatch Street Upper, 4th Floor, Dublin, Ireland

2

(Address of principal executive offices)

(Zip Code)

       

Registrant’s telephone number, including area code: +353 (1) 405-2033

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 (see General Instruction A.2. below):

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))

 

Item 8.01. Other Events.

XL Group plc issued a press release on July 18, 2011. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

 

 

Item 9.01.  Financial Statements and Exhibits.

 

(d)       Exhibits. The following exhibits are filed herewith:

 

 

Exhibit No.

 

Description

 

99.1

 

Press Release (“XL Announces Tender Offer for Series C Preference Ordinary Shares”) dated July 18, 2011.

 



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.

Date: July 18, 2011

XL Group plc

(Registrant)

 

By:       /s/ Kirstin R. Gould                         
Name: Kirstin R. Gould  
Title: General Counsel & Secretary

 


EX-99.1 2 c66298_ex99-1.htm

Exhibit 99.1

 

 

 

XL Group plc
XL House
One Bermudiana Road
Hamilton HM 08
Bermuda
Phone  (441) 292-8515
Fax (441) 292-5280

Press Release

 

 

Contact:   David Radulski Carol Parker Trott  
  Investor Relations Media Relations  
  (441) 294-7460 (441) 294-7290  

 

 

 

XL ANNOUNCES TENDER OFFER FOR SERIES C PREFERENCE
ORDINARY SHARES

 

HAMILTON, BERMUDA, July 18, 2011 – XL Group plc (NYSE: XL) (“XL”) announced today that its wholly owned subsidiary, XL Group Ltd. (“XL-Cayman”), has commenced a cash tender offer for any and all of its 2,876,000 outstanding Series C Preference Ordinary Shares, liquidation preference $25.00 per share. The tender offer is being made solely pursuant to the Offer to Purchase dated July 18, 2011 and the accompanying Letter of Transmittal. The terms and conditions of the tender offer are more fully set forth in those documents.

 

Upon the terms and subject to the conditions set forth in the Offer to Purchase, XL-Cayman is offering to pay a purchase price of $25.00 for each preference share it purchases, plus an amount equal to accrued but unpaid dividends up to, but not including, the date of purchase.

 

The tender offer will expire at 5:00 p.m., New York City time, on August 15, 2011, unless XL-Cayman extends or terminates the tender offer.

 

The tender offer is not contingent upon any minimum number of preference shares being tendered or the availability of financing. It is subject to customary conditions for transactions of this type.

 



Holders of preference shares who have any questions regarding the terms of the tender offer should contact the dealer manager, Goldman, Sachs & Co., at (800) 828-3182 (U.S. toll-free) or (212) 357-4692 (collect). Copies of the Offer to Purchase, the Letter of Transmittal or any related documents may be obtained from Global Bondholder Services Corporation, the Information Agent, at (866) 857-2200 (U.S. toll-free).

 

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR PURCHASE, OR THE SOLICITATION OF AN OFFER TO BUY OR SELL, ANY OF THE PREFERENCE SHARES OR ANY OTHER SECURITIES OF XL OR ITS SUBSIDIARIES AND SHALL NOT CONSTITUTE AN OFFER, SOLICITATION, PURCHASE OR SALE OF ANY SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION, PURCHASE OR SALE WOULD BE UNLAWFUL.

 

XL was formed in 1986 in response to the unmet risk management needs of 68 of the world's largest companies. This year, as XL celebrates its 25th anniversary, it remains the company clients look to for innovative insurance and reinsurance solutions for their most complex risks. XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty, and specialty products to industrial, commercial, and professional firms, insurance companies and other enterprises on a worldwide basis. Its principal offices are located at No. 1 Hatch Street Upper, 4th Floor, Dublin 2, Ireland.

 

###

 

This press release contains forward-looking statements. Such statements involve inherent risks and uncertainties. Statements that are not historical facts, including statements about XL’s and XL-Cayman’s belief or expectations, are forward-looking statements. These statements are based on current plans, estimates and expectations, all of which involve risk and uncertainty. Actual results may differ materially from those projected in such forward-looking statements, including regarding the conduct and outcome of the tender offer described above, and therefore you should not place undue reliance on them. A non-exclusive list of the important factors that could cause actual events or results to differ materially from those in such forward-looking statements is set forth in XL’s most recent annual report on Form 10-K, quarterly report on Form 10-Q and XL’s other documents on file with the Securities and Exchange Commission. XL undertakes no obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future developments or otherwise.

 


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