Top Movers

Company Announcements

Result of Capital Reorganisation

By LSE RNS

RNS Number : 0282V
Caribbean Investment Holdings Ltd
31 October 2017
 

Caribbean Investment Holdings Limited

31 October 2017

 

CARIBBEAN INVESTMENT HOLDINGS LIMITED - RESULTS OF CAPITAL REORGANISATION

 

Caribbean Investment Holdings Limited (London - AIM: CIHL; Bermuda - BSX: CIHL) (the Company) announces that as a result of the share capital reorganisation announced on 24 October 2017 (the Capital Reorganisation), the Company has acquired 378,984 ordinary shares in the Company at a price of 11.50 pence per share (the Purchased Shares). Immediately following the acquisition by the Company of the Purchased Shares, the Purchased Shares were cancelled resulting in a decrease of its issued share capital. The total issued share capital of the Company (including 3,743,983 shares held in treasury) is now 103,264,000 ordinary shares of nil par value each.  The total number of depositary interests representing ordinary shares (issued by Capita IRG Trustees Limited as depositary under the trust deed poll dated 13 November 2007) is now 18,803,000. 

 

As previously announced, the Company believes that certain of the costs inherent in maintaining a larger shareholder base will now be reduced and therefore the Capital Reorganisation is in the best interest of the Company. 

 

The Company further confirms that cheques representing payments for the Purchased Shares and new certificates will be posted to shareholders by no later than 10 November 2017.

 

The London Stock Exchange has ended the voluntary suspension of trading of the Company's shares on AIM with effect from today, and trading of the Company's shares will now resume.  

 

Following the Capital Reorganisation, the ISIN associated with the depositary interests representing shares in the Company is BZP211481122.

 

For further information contact:

Caribbean Investment Holdings Limited

UK +44 (0)20 7248 6700

Belize +501 227 7178

Cenkos Securities plc

Nicholas Wells +44 (0)20 7397 8920

Note: This and other press releases are available at the Company's web site: http://www.cihltd.co.

Background Information

Caribbean Investment Holdings Limited (CIHL) is a parent holding company with no independent business operations or assets other than its investments in its subsidiaries, intercompany balances and holdings of cash and cash equivalents. CIHL's businesses are conducted through its subsidiaries. The Belize Bank Limited (BBL) is incorporated and based in Belize and focuses on the provision of financial services and lending to domestic clients. Belize Bank International Limited is incorporated and based in Belize and focuses on the provision of financial services and lending to international clients. CIHL also owns an international corporate services business based in Belize, which operates as Belize Corporate Services Limited. Within Belize, BBL is the largest, full service commercial and retail banking operation with a head office in Belize City and eleven branches extended into each of the six districts of Belize. The principal operations of BBL are commercial lending, consumer lending, deposit taking and related banking activities.

 

- END -


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CAROKKDNDBDBBKN

Top of Page