James River Group Holdings, Ltd. Prices Initial Public Offering
(Thomson Reuters ONE) -
HAMILTON, Bermuda, Dec. 12, 2014 (GLOBE NEWSWIRE) -- James River Group Holdings,
Ltd. (the "Company") announced today that it had priced its initial public
offering of 11,000,000 common shares at $21.00 per share. The shares are
expected to begin trading tomorrow, December 12(th), on the Nasdaq Global Select
Market under the ticker symbol "JRVR." All of the common shares are being sold
by certain significant shareholders of the Company, and the Company will not
receive any proceeds from the offering. The underwriters have a 30-day option to
purchase up to an additional 1,650,000 common shares from the selling
shareholders. The offering is expected to close on or about December 17, 2014,
subject to customary closing conditions.
The book-running managers for the offering are Keefe, Bruyette & Woods, Inc.,
UBS Securities LLC, FBR Capital Markets & Co. and BMO Capital Markets Corp.
KeyBanc Capital Markets Inc., SunTrust Robinson Humphrey, Inc. and Scotia
Capital (USA) Inc. are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with and
declared effective on December 11, 2014 by the Securities and Exchange
Commission. The offering will be made only by means of a prospectus. A copy of
the final prospectus related to the offering will be filed with the Securities
and Exchange Commission, and may be obtained, when available, from the
prospectus departments of Keefe, Bruyette & Woods, Inc., Attention: Equity
Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019, telephone
(800) 966-1559, UBS Investment Bank, Attention: Prospectus Department, 299 Park
Avenue, New York, NY 10171, telephone (888) 827-7275, FBR Capital Markets & Co.,
Attention: FBR Prospectus Department, 1300 17(th) Street N., Suite 1400,
Arlington, VA 22209, telephone (703) 312-9726 or by email to
prospectuses(at)fbr.com, and BMO Capital Markets Corp., 3 Times Square, 27th Floor,
New York, NY 10036, Attention: Equity Syndicate Department, telephone (800)
414-3627 or by email to bmoprospectus(at)bmo.com.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any state or
jurisdiction.
Forward-Looking Statements
This press release includes "forward-looking statements," within the meaning of
the safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements are subject to known and unknown
risks and uncertainties, many of which may be beyond our control. We caution you
that the forward-looking information presented in this press release is not a
guarantee of future events, and that actual events may differ materially from
those made in or suggested by the forward-looking information contained in this
press release. In addition, forward-looking statements generally can be
identified by the use of forward-looking terminology such as "may," "plan,"
"seek," "comfortable with," "will," "expect," "intend," "estimate,"
"anticipate," "believe" or "continue" or the negative thereof or variations
thereon or similar terminology. Any forward-looking information presented herein
is made only as of the date of this press release, and we do not undertake any
obligation to update or revise any forward-looking information to reflect
changes in assumptions, the occurrence of unanticipated events, or otherwise.
About the Company
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company
whose subsidiaries specialize in underwriting specialty insurance and
reinsurance.
CONTACT: James River Group Holdings, Ltd.
Bob Myron
President and Chief Operating Officer
InvestorRelations(at)jrgh.net
441-278-4583
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: James River Group Holdings, Ltd. via GlobeNewswire
[HUG#1879428]
Datum: 12.12.2014 - 03:14 Uhr
Sprache: Deutsch
News-ID 359030
Anzahl Zeichen: 4913
contact information:
Town:
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