Filing Details
- Accession Number:
- 0000950170-25-030972
- Form Type:
- 13D Filing
- Publication Date:
- 2025-03-02 19:00:00
- Filed By:
- CMIG International Holding Pte. Ltd.
- Company:
- Siriuspoint Ltd (NYSE:SPNT)
- Filing Date:
- 2025-03-03
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| CMIG International Holding Pte. Ltd. | 0 | 0 | 0 | 0 | 0 | 0% |
| CM Bermuda Ltd | 0 | 0 | 0 | 0 | 0 | 0% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
|
SiriusPoint Ltd. (Name of Issuer) |
Common shares, par value $0.10 per share ("Common Shares") (Title of Class of Securities) |
G8192H106 (CUSIP Number) |
Cheryl Li, General Counsel 3 Temasek Ave Centennial Tower, #17-10, Singapore, U0, 00000 000-000-0000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
02/27/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | G8192H106 |
| 1 |
Name of reporting person
CMIG International Holding Pte. Ltd. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
SINGAPORE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
0.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
|
| CUSIP No. | G8192H106 |
| 1 |
Name of reporting person
CM Bermuda Ltd | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
BERMUDA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
0.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
0 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common shares, par value $0.10 per share ("Common Shares") | |
| (b) | Name of Issuer:
SiriusPoint Ltd. | |
| (c) | Address of Issuer's Principal Executive Offices:
ONE WORLD TRADE CENTER, 285 FULTON STREET, 47TH FLOOR, NEW YORK,
NEW YORK
, 10007. | |
Item 1 Comment:
This Amendment No. 4 to Schedule 13D (this "Amendment No. 4") relates to the Common Shares and warrants to purchase Common Shares ("Warrants" and, together with the Common Shares, the "Securities") of SiriusPoint Ltd., a Bermuda exempted company limited by shares (the "Issuer" or the "Company"), and amends the Schedule 13D filed by the undersigned with the Securities and Exchange Commission ("SEC") on March 8, 2021, as amended by Amendment No. 1 on November 22, 2024, Amendment No. 2 on November 26, 2024, and Amendment No. 3 on December 30, 2024 (collectively, the "Schedule 13D"). Except as specifically provided herein, this Amendment No. 4 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used and not defined in this Amendment No. 4 have the meanings set forth in the Schedule 13D. The filing of this Amendment No. 4 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons. | ||
| Item 4. | Purpose of Transaction | |
Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:
On December 30, 2024, CM Bermuda entered into a Securities Purchase Agreement (the "Purchase Agreement") with the Company at the instruction of China Construction Bank Corporation ("CCB"), as Facility Agent and Security Trustee under the Pledge Agreement. Upon the terms and subject to the conditions in the Purchase Agreement, the Company agreed to purchase (i) 20,991,337 Warrants at $3.56 per warrant and (ii) 45,720,732 Common Shares at $14.25 per Common Share (together, the "Purchase"). The aggregate amount payable by the Company under the Purchase Agreement was $733.0 million, including certain costs and expenses.
On February 27, 2025, the transactions contemplated by the Purchase Agreement, including the Purchase, were completed (the "Closing"). The Purchase Agreement contemplated that payment thereunder would be made in two tranches. In addition to the first payment paid by the Company concurrently with the execution of the Purchase Agreement, the Company paid an additional $483.0 million to CM Bermuda at the Closing. At the Closing, (i) the resignation of Meng Tee Saw from the Board and each committee of the Board of which he is a member became effective, and (ii) the Company and CM Bermuda terminated that certain Investor Rights Agreement, dated as of February 26, 2021, by and between the Company and CM Bermuda.
Following the Closing, the Reporting Persons no longer have any ownership interest in the Company. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | Immediately following the Closing, the Reporting Persons were the beneficial owners of 0 Common Shares and 0 Common Shares issuable upon the exercise of Warrants, constituting 0% of the Common Shares outstanding. | |
| (b) | 0 Common Shares | |
| (c) | Except as set forth in Item 4 of this Amendment No. 4, none of the Reporting Persons has effected any transaction in the past 60 days in Common Shares or Warrants. | |
| (e) | On February 27, 2025, the Reporting Persons ceased to be the beneficial owner of more than five percent of the outstanding Common Shares. | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
The information set forth in Item 4 of this Amendment No. 4 is hereby incorporated by reference into this Item 6.
Under the payoff letter issued by CCB, at Closing all security interest and/or other liens or claims which CM Bermuda and/or any other person or entity may have granted to CCB in the Securities to secure the Facility were automatically released. | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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