VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 26, 2016) -
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.
Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE:PDH) announces that it
intends to acquire common shares of Sequant Re Holdings Limited ("SRHL"), the parent company of a reinsurance
company registered in Bermuda, Sequant Reinsurance Company Limited. The acquisition will be made through Premier's wholly-owned
Bermuda subsidiary, Premier Diversified Holdings (Bermuda) Ltd ("Premier Bermuda"). The purchase price of the
common shares is USD$2.00 per common share. Premier Bermuda intends to acquire up to USD$400,000 worth of shares. The purchase
price will be paid in cash, via a loan from Premier to Premier Bermuda. Premier currently holds approximately 33.76% (undiluted)
of the issued and outstanding common shares of SRHL.
"As a primary shareholder behind SRHL, Premier continues to support this boutique reinsurance company as it continues to build
out its book of business, reputation and its unique offering in the insurance-linked securities market under Guy Cloutier," said
Premier CEO and SRHL director, Sanjeev Parsad. "We believe SRHL will begin to generate fee income in 2016 and offset our future
funding requirements. As such, these shares are being purchased by our new subsidiary in Bermuda, so that any income is retained
in Bermuda."
The reinsurance company underwrites various reinsurance transactions and collateralizes its obligations through the issuance
of insurance-linked securities ("ILSs"). The ILSs are offered to third party investors, and the capital from the
sale of the ILSs is used to fund the reinsurance business.
Further Information
Further information regarding Premier may be found on Premier's website at www.pdh-inc.com and filed on SEDAR at www.sedar.com.
Premier Diversified Holdings Inc. participates in diversified industries through its acquisitions of securities and/or assets
of public and private entities which it believes have potential for significant returns. It may act as a holding company (either
directly or through a subsidiary) and may participate in management of subsidiary entities to varying degrees. Its current
holdings include interests in medical diagnostic clinics located in Canada and China, in a reinsurance business located in
Bermuda, in a publicly traded Canadian craft beer brewery and in two Vancouver real estate development entities.
On behalf of the Board of Directors
Sanjeev Parsad, President, CEO and Director
The Canadian Securities Exchange (CSE) has not reviewed the adequacy or the accuracy of the contents of this
document. Company information can be viewed here: www.cnsx.ca. Further
information regarding the Company can be found on SEDAR at ww.sedar.com.
Legal Notice Regarding Forward Looking Statements: This news release contains "forward-looking statements" within the
meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions.
Forward-looking statements in this news release include that Premier and Premier Bermuda will complete the share purchase, that
the purchase price will be USD$2.00 per common share, that Premier Bermuda will pay the purchase price in cash by way of a loan
from Premier, that the reinsurance company will operate its business as described, that the reinsurance company will begin to
generate income in 2016 thereby offsetting equity funding requirements, that Premier will continue to support the reinsurance
company, that Guy Cloutier will continue to operate SRHL and that any income from the acquisition of the SRHL shares will be
retained by Premier Bermuda. Factors that could cause actual results to be materially different include but are not limited to
the following: that the nature of Premier and/or Premier Bermuda's shareholdings of SRHL will change, that the purchase price may
change, that the reason for the purchase may change, that the reinsurance company will cease to operate as a going concern or
will operate its business differently than described, that Premier will be unwilling or unable to loan funds to Premier Bermuda,
that SRHL will not generate income in 2016 or at all and will require additional funding from other sources, and that Guy
Cloutier will cease to operate SRHL. Investors are cautioned against placing undue reliance on forward-looking statements. It is
not our policy to update forward looking statements.