Charles Taylor Managing Agency Ltd

Managing Agent Name: Charles Taylor Managing Agency Ltd (“CTMA”)

Subject: Mandatory Offer

Syndicate Affected: 1884

For the 2018 year of account, The Standard Club Corporate Name Limited (“SCCNL”) will have a member’s syndicate premium limit on syndicate 1884 (the Syndicate) of 86.2% and is therefore required, under Paragraph 2 of the Mandatory Offer Byelaw, to make a mandatory offer to the remaining capacity holders. 

The requirement to make a mandatory offer is postponed under Paragraph 5 of the Mandatory Offer Byelaw as, during the relevant period and since the end of the relevant period, no consideration has been paid by SSCNL (or any associate thereof) for the surrender of the whole or part of a person’s prospective participation in relation to the Syndicate. This announcement is being made in accordance with Paragraph 5 (4) of the Mandatory Offer Byelaw.

Date issued: 28 November 2017

Contact Information

Agency contact name: Julia Davis, Compliance Officer

Agency contact no: + 44 (0)203 320 2247

For auction office use only: D2017015

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