HAMILTON, BERMUDA -- (Marketwire) -- 09/25/09 -- Annuity and Life Re (Holdings), Ltd.
(PINKSHEETS: ANNRF) today announced that it has closed on the amalgamation
with Pope Ltd. The company will continue under the name Annuity and Life
Re (Holdings), Ltd. The new officers of the company are William Wells,
President and Casey McCandless, Executive Vice President.
Shareholders will be contacted regarding the procedures for cancelling
their shares in return for the amalgamation consideration. The
amalgamation consideration per share has been determined to be $0.44580421
per common share.
Annuity and Life Re (Holdings), Ltd. provides annuity and life reinsurance
to insurers through its wholly owned subsidiary, Annuity and Life
Reassurance, Ltd.
This press release and the Company's financial statements are available
from the Company's website at www.alre.bm.