Enstar Group Ltd. has filed an automatic shelf registration statement for the sale by selling shareholders of 514,527 ordinary shares.
The registration also includes 192,485 series C nonvoting ordinary shares. The number of ordinary shares registered includes up to 192,485 shares issuable upon the conversion of those series C shares. The proposed maximum aggregate offering price of the ordinary shares is about $98.9 million, or $192.30 per share, estimated solely to calculate the registration fee.
The registration consists of all the shares held as of Dec. 9 by selling shareholders GSCP VI AIV Navi Ltd., GSCP VI Offshore Navi Ltd., GSCP VI Parallel AIV Navi Ltd., GSCP VI Employee Navi Ltd. and GSCP VI GmbH Navi LP.
Enstar Group will not receive any proceeds from any sale of the ordinary shares or series C shares by the selling shareholders.