DGAP-News: Enterprise Holdings Limited expands European business: market entry in Italy ++ New niche insurance schemes ++ Special account secures bond investors' position: 2.4m euro in special account deposit
(firmenpresse) - DGAP-News: Enterprise Holdings Limited / Key word(s): Incoming Orders
Enterprise Holdings Limited expands European business: market entry in
Italy ++ New niche insurance schemes ++ Special account secures bond
investors' position: 2.4m euro in special account deposit
05.04.2013 / 09:45
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Ongoing growth of profitable niche insurance business
The recent business development underlines the ongoing profitable expansion
of the company's niche insurance business model in the European region.
The following new Insurance Schemes have been signed within the last weeks:
New market entry: Italy
For the first time Enterprise Insurance signed an insurance scheme with an
Italian client. It becomes effective on 1st April 2013 and insures third
party liabilities for classic motorbike riders. The new scheme with the
Italian Federation of Classic Motorbikes (Federazione Motociclistica
Italiana), that currently counts 150,000 members, is expected to generate
approximately 1.5m euro additional annualised Gross Written Premium (GWP).
UK Supply Teacher: 2m euro
This new scheme started 1st April 2013 and is expected to generate
approximately 2m euro additional annualised GWP.
Andrew John Flowers, CEO and Founder of Enterprise Holdings: 'Our specially
arranged Supply Teacher Insurance Scheme helps the schools to manage their
budgets successfully and often to make significant cost savings. Schools
expect to be able to rely on their supply teacher insurance to protect them
against the costs of unexpected staff absences.'
A supply teacher is a person who teaches a school class when the regular
teacher is unavailable; e.g., because of illness, personal leave, or other
reasons. Supply teacher insurance provides cover for the cost of employing
a replacement when an insured member of staff is absent.
Guidance
The company expects to double the annual GWP up to 180 million euro in the
fiscal year ending 31 March 2013. Simultaneously Enterprise Holdings Group
expects to generate a net profit in the range of a single digit million
euro amount.
Special Account
According to the terms and conditions of the bond, the issuer shall deposit
an amount equal to 50% of the issuer's estimated monthly net distributable
profits in a specially designated bank account until the monies deposited
in such account reach a level equivalent to the aggregate of the principal
amount of the Bond and any interest due during the term. Based on the
estimated figures the company transferred another 375,000 euro for February
2013 to the account. As of today the total amount deposited in this
separate bank account is 2,400,000 euro.
The balance of this account will be published regularly on the company's
website www.enterprise-holdings.de ->bond ->factsheet.
Upcoming Event: Spring Conference in Frankfurt
Andrew John Flowers, CEO and Founder of Enterprise Holdings, will hold a
presentation at the Deutsche Boerse Spring Conference in Frankfurt on 8 May
2013. The conference brings together issuers from the transparency
standards of Deutsche Boerse with investors and analysts. It also provides
a platform for specialized multipliers in this area to exchange views.
Bond issue
In September 2012 Enterprise Holdings Limited issued an A- rated bond in
the Entry Standard segment at Boerse Frankfurt (International Security
Identification Number (ISIN): DE000A1G9AQ4)
For more information about the bond issue please visit our website,
especially the section 'Bond' at www.enterprise-holdings.de
Enterprise Holdings Group - an owner-lead insurance firm
Lead by its founder the company holds several other subsidiaries together
with affiliated service companies. The group offers independent white label
solutions, apart from life insurance products. The affiliated companies
deliver insurance specific auditing services as well as control and
marketing services. The group focuses its activities on high-yield niches
within the European insurance market. The main category of the offered
insurances is in the field of automobile third party insurance, legal costs
insurance, household contents insurance and guarantees. Main markets are
currently Great Britain, France and Greece.
Bond Investor Relations / Press
Please direct all your requests to:
max. Equity Marketing GmbH
Maximilian Fischer
Marienplatz 2
80331 Munich, Germany
Tel: +49 89 139 28890
E-Mail: ir(at)enterprise-holdings.de
IMPORTANT NOTE - Disclaimer
Prospective investors of the Securities should recognise that the
Securities constitute a risk investment, which can lead to a total loss of
their investment in the Securities. Potential investors must therefore be
prepared and able to sustain a partial or even a total loss of the invested
capital. Any investors interested in purchasing the Securities should
assess their financial situation, to ensure that they are in a position to
bear the risks of loss connected with the Securities. Therefore, please
contact your credit and securities institutions. The admissibility of the
acquisition of a security may at various conditions, especially your
nationality be bound. Please inform yourself before an investment.
This information does not constitute an offer to sell or a solicitation of
an offer to purchase any securities of Enterprise Holdings Limited
('issuer'). A decision on an investment in the securities of the issuer may
only be made on the basis of the securities prospectus ('prospectus') which
is approved by the Federal Financial Supervisory Authority (BaFin) and is
published on the website www.enterprise-holdings.de. Only the information
contained in the prospectus is binding in connection with the offer.
This information may not be disseminated outside of Germany and Austria, in
particular not in the United States, to US Persons according to regulation
S of the US Securities Act of 1933 or to publications with a general
circulation in the United States. Any person who fails to comply with these
restrictions may violate the security laws of certain jurisdictions, in
particular of the United States. Bonds in Enterprise Holdings Limited are
not publicly offered outside of Germany and Austria. The Notes will not be
registered under the Securities Act of 1933, or any applicable state or
foreign securities laws, and are subject to substantial restrictions on
transfer. In particular, the Notes may not be offered or sold in the U.S.,
or to or for the benefit of U.S. persons, absent registration under the
Securities Act or an applicable exemption from the registration
requirements of the Securities Act.
The securities mentioned in this press release are not being and will not
be offered for sale to the public in the United States, Australia, Canada
and Japan.
End of Corporate News
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05.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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