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EX-99.1 - EXHIBIT 99.1 - GREENLIGHT CAPITAL RE, LTD.glre-pressreleaserepurchas.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
 
April 2, 2020
Date of Report (Date of earliest event reported)
 
GREENLIGHT CAPITAL RE, LTD.
(Exact name of registrant as specified in its charter)
 
Cayman Islands
 
001-33493
 
N/A
(State or other jurisdiction of
incorporation)
 

 
(Commission File Number)
 
(IRS Employer Identification No.)

65 Market Street, Suite 1207,
Jasmine Court, Camana Bay,
P.O. Box 31110
Grand Cayman, Cayman Islands
(Address of principal executive offices)
 
 
 




KY1-1205
(Zip code)
 
 
(345) 943-4573
(Registrant’s telephone number, including area code)

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:
¨
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)
o
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))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A Ordinary Shares
GLRE
Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period or complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o





Item 8.01.  Other Events.
 
On April 2, 2020, Greenlight Capital Re, Ltd. (the “Company”) announced the completion of its strategic review process, the expansion of the Company’s share repurchase program of Class A Ordinary Shares from 2.5 million to 5.0 million Class A Ordinary Shares through June 30, 2021 and the authorization to repurchase up to $25 million aggregate face amount of the Company’s 4.00% Convertible Senior Notes due 2023 through June 30, 2021.

A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits
        




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.
 

 
GREENLIGHT CAPITAL RE, LTD.
 
 
  (Registrant)
 
 
 
 
 
 
By:
/s/ Tim Courtis
 
 
Name:
Tim Courtis
 
 
Title:
Date:
Chief Financial Officer
April 3, 2020