ATHENE HOLDING LTD. (NYSE:ATH) Files An 8-K Other Events
Item 8.01Other Events.

Waiver of Lock-Up Restrictions Applicable to Certain Class A Shares

In order to provide for an orderly and measured flow of shares to the public markets upon the release of contractual lockups, on September 6, 2017 the independent directors of the Board of Directors of Athene Holding Ltd. (“Athene”) approved the waiver of lock-up restrictions applicable to certain Class A common shares of Athene (the “Class A common shares”) under the Registration Rights Agreement, dated April 4, 2014, as amended (the “Registration Rights Agreement”), between Athene and the holders signatory to such agreement. This waiver will release from the lock-up restrictions Class A common shares principally held by certain third-party holders who purchased Class A common shares prior to Athene’s initial public offering in December 2016 (the “IPO”) and holders who received Class A common shares as a result of a distribution of such shares by AP Alternative Assets, L.P. contemporaneously with the IPO. Shares held by the following holders are not being released from the lock-up restrictions to the waiver: (i) AP Alternative Assets, L.P., (ii) directors and senior officers of Athene and (iii) Apollo Global Management, LLC and its affiliates and their respective directors, officers and employees. Under the terms of such waiver, 3,690,262 Class A common shares will be released from the lock-up restrictions after the close of regularly-scheduled trading hours in the United States on September 8, 2017 and thereafter on October 13, 2017, November 10, 2017 and December 1, 2017, subject to a maximum of 14,761,049 Class A common shares (“Released Shares”). Released Shares will be made available to the relevant shareholders on each applicable date through the normal procedures of Computershare, Athene’s registrar and transfer agent, and The Depository Trust Company. Released Shares will be drawn from the shares that otherwise would have been released on the planned lock-up release dates under the Registration Rights Agreement occurring on December 8, 2017 and March 3, 2018.

Before giving effect to the release of the Released Shares, approximately 31,429,090; 55,575,622; and 15,652,410 of Athene’s Class A common shares (including Class A common shares underlying Class B common shares and Class M common shares) are eligible for future sale on December 8, 2017, March 3, 2018 and December 8, 2018, respectively. After giving full effect to the release of the Released Shares, approximately 24,746,227; 47,477,860; and 15,652,410 of Athene’s Class A common shares (including Class A common shares underlying Class B common shares and Class M common shares) will be eligible for future sale on December 8, 2017, March 3, 2018 and December 8, 2018, respectively, all of which are held by Athene’s officers, directors, employees or shareholders holding 5% or more of Athene’s outstanding common shares.

About ATHENE HOLDING LTD. (NYSE:ATH)

Athene Holding Ltd. (Athene Holding) is a Bermuda-based life insurance holding company. The Company is principally focused on the retirement market and whose business, through its subsidiaries, is focused on issuing or reinsuring fixed and equity indexed annuities. Athene Holding’s subsidiaries are Athene Annuity & Life Assurance Company, Athene Life Insurance Company, Investors Insurance Corp, and Athene Life Re Ltd. The products offered by Athene Holding, through its subsidiaries, include retail fixed and equity indexed annuity products; institutional products, such as funding agreements, and co-insurance and reinsurance arrangements with third-party life insurance and annuity providers. Assets of Athene Holding’s subsidiaries are managed by Athene Asset Management LLC.

ATHENE HOLDING LTD. (NYSE:ATH) Recent Trading Information

ATHENE HOLDING LTD. (NYSE:ATH) closed its last trading session up +0.10 at 52.86 with 1,025,935 shares trading hands.