The Company also announced that its Annual General Meeting of Common Shareholders will be held on Tuesday, October 18, 2016 at 8.30 a.m. ET at the offices of Weil, Gotshal & Manges LLP, 767 5th Avenue, New York, NY.
In addition, the Company announced that, under the terms of its Transaction Support Agreement ("TSA") with certain holders of Syncora Guarantee Inc.'s long-term and short-term surplus notes and certain preferred shareholders, the Company has received notice of three nominees for the Company's Board of Directors: Mr. Alan Carr, Mr. Frederick Arnold and Mr. Robert Mills. Pursuant to the terms of the TSA, Mr. Carr, an existing director, is deemed to have resigned from the Company's Board of Directors and has been reappointed for a new three year term that will automatically expire at midnight on August 22, 2019. The Company's Nominating and Governance Committee review process for Messrs. Arnold and Mills has been completed, and the New York Department of Financial Services and the Company's Board of Directors are currently considering their applications; however, no assurances can be given as to whether or when approvals of these nominations will be granted.
About Syncora Holdings Ltd.
Syncora Holdings Ltd. (OTC: SYCRF) is a Bermuda-domiciled holding company. Syncora Guarantee Inc. is a wholly owned subsidiary of Syncora Holdings Ltd. Further information can be found on www.syncora.com.
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SOURCE Syncora Holdings Ltd.