AMENDMENT NO. 1 TO SCHEDULE 13D
This Amendment No. 1 to Schedule 13D (
Amendment No. 1
) amends and supplements the statement on Schedule 13D initially filed April 2, 2018 (as amended or supplemented up to the date hereof, the
Schedule 13D
) by and on behalf of Catalina Holdings (Bermuda) Ltd., a Bermuda registered and domiciled holding company (
Catalina
), relating to the common stock, par value $0.01 per share (
Common Stock
), of Maiden Holdings, Ltd., a Bermuda registered and domiciled holding company (the
Issuer
). Information reported in the Schedule 13D remains in effect except to the extent that it is amended or superseded by information contained in this Amendment No. 1.
Item 2. Identity and Background
Item 2 is hereby amended by deleting the information regarding Mr. Michael Murray from the table of directors and executive officers of Catalina.
Item 3.
Source and Amount of Funds or Other Consideration
Item 3 is hereby amended and supplemented by adding the following after the last paragraph:
On September 12, 2018, Catalina purchased 2,022,081 shares of Common Stock in the open market at an aggregate purchase price (excluding brokerage commissions) of
$4,592,697.25, and on September 13, 2018, Catalina purchased an additional 460,000 shares of Common Stock in the open market at an aggregate purchase price (excluding brokerage commissions) of $1,135,948.00
. The source of the funds used by Catalina to purchase these shares of Common Stock was working capital of Catalina.
Item 5.
Interest in Securities of the Issuer
Item 5 is hereby amended and restated in its entirety as follows:
(a) Catalina beneficially owns in aggregate 6,643,981 shares of Common Stock, which represent 7.99% of the outstanding Common Stock based on 83,143,237 shares outstanding as of August 3, 2018, as reported in the Issuers Form 10-Q filed with the SEC on August 9, 2018.
(b) Catalina has the sole power to vote or direct the vote, and the sole power to dispose or direct the disposition, of all such 6,643,981 shares of Common Stock.
(c) The information set forth in Item 3 above is hereby incorporated by reference into this Item 5. The following table lists all the transactions in Common Stock effected during the past sixty days by Catalina. All such transactions were effected on the open market.
Shares of Common Stock
Purchased
|
|
Price per Share ($)
|
|
Date of Purchase
|
|
2,022,081
|
|
2.271(1)
|
|
09/12/2018
|
|
460,000
|
|
2.469(2)
|
|
09/13/2018
|
|
(
1
)
This price reflects the weighted average purchase price for open-market purchases on September 12, 2018, within a $1.00 range. The actual prices for these transactions range from $2.250 to $2.500 inclusive. Catalina undertakes to provide upon request by the Commission staff full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth in footnotes (1) and (2).
(2) This price reflects the weighted average purchase price for open-market purchases on September 13, 2018, within a $1.00 range. The actual prices for these transactions range from $2.425 to $2.500 inclusive.
3