IGI Receives Two Additional Approvals in Connection with its Previously Announced Business Combination Agreement with Tiberius Acquisition Corp
TIBERIUS ACQUISITION CORP COMMON (TIBR)
Company Research
Source: Business Wire
Dubai Financial Services Authority Approval Share Exchange Agreements from IGI Shareholders Totaling 100% of Issued and Outstanding Shares DUBAI, United Arab Emirates--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) today announced that it has received regulatory approval from the Dubai Financial Services Authority in connection with its previously announced business combination with Tiberius Acquisition Corp. (NASDAQ: TIBR) (“Tiberius”), a publicly traded special purpose acquisition company.This approval, received on February 3, 2020, is one of the necessary steps towards successfully completing the transaction with Tiberius. IGI is awaiting approval from the Prudential Regulation Authority (UK).Separately, IGI announced that it has received Share Exchange Agreements from existing IGI shareholders holding 100 percent of the issued and outstanding IGI common shares. This is in excess of the 90 percent threshold as set out in the Business Comb
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