M&A - AXIS CAPITAL HOLDINGS LTD
Form Type: SCHEDULE 13D/A
Filing Date: 2025-03-05
Corporate Action: Acquisition
Type: Update
Accession Number: 000095017025034115
Filing Summary: On March 5, 2025, T-VIII PubOpps LP agreed to sell 2,139,037 Common Shares of AXIS Capital Holdings Limited to the Issuer at a price of $93.50 per Common Share pursuant to a stock purchase agreement dated as of March 5, 2025. This transaction results in the Reporting Persons ceasing to be beneficial owners of more than 5% of the Issuer's outstanding Common Shares. Following this sale, each of the Reporting Persons is reported to beneficially own 2,404,133 Common Shares, representing approximately 3.0% of the outstanding shares based on 80,786,584 Common Shares outstanding as of February 21, 2025. The completion of these transactions reflects an update to prior amending filings including an Amendment 2 made on February 4, 2025, detailing prior ownership and transactions.
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Additional details:
Common Shares Sold: 2139037
Purchase Price Per Share: 93.5
Beneficial Ownership: 2404133
Percentage Of Outstanding Shares: 3
Common Shares Outstanding: 80786584
Date Of Common Shares Outstanding: 2025
02-21:
Form Type: SCHEDULE 13D/A
Filing Date: 2025-02-04
Corporate Action: Acquisition
Type: Update
Accession Number: 000095017025012885
Filing Summary: On February 3, 2025, T-VIII PubOpps LP agreed to sell 2,234,636 Common Shares of AXIS Capital Holdings Limited to the Issuer at a price of $89.50 per Common Share per a stock purchase agreement. This agreement is further detailed by the reference to the Stock Purchase Agreement, filed as Exhibit B. The Reporting Persons collectively own 4,543,170 Common Shares, translating to approximately 5.4% of the outstanding shares based on the total of 83,655,404 Common Shares as of October 25, 2024, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on October 30, 2024. Furthermore, it is noted that no transactions in Common Shares have been made by the Reporting Persons in the past 60 days, except for those described in this Amendment.
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Additional details:
Common Shares Sold: 2234636
Sale Price Per Share: 89.5
Ownership Percentage: 5.4
Total Common Shares Outstanding: 83655404
As Of Date: 2024-10-25
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