CATCo Reinsurance Opportunities Fund Ltd. (LSE:CAT) announces a share repurchase program. Under the program, the company will repurchase up to 7,541,478 ordinary shares and 11,808,699 C shares, representing 6.55% of its issued share capital. The shares will be repurchased at $0.2652 per ordinary share and $0.5081 per C share.

The redeemed shares will be cancelled. The program will be funded from the company's existing cash balances. The company fixed January 11, 2021, as the record date for the program.

The shares will be redeemed on January 12, 2021. As at December 23, 2020, the company has 295,268,578 shares in issue, out of which 168,898,993 are ordinary shares and 126,369,585 are C shares.