Caribbean Investment Holdings Ltd Result of Capital Reorganisation (0282V)
31 October 2017 - 6:00PM
UK Regulatory
TIDMCIHL
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
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