Jul 2017 Financial News

Ansa McAL Limited - Notice of Material Change - Ansa Coatings Int Ltd purchased Lewis Berger (Overseas Holdings) Ltd

Jul 26, 2017

LEGAL NOTICE
PURSUANT TO SECTION 64 OF THE SECURITIES ACT, 2012

Further to our announcement in June 2017, ANSA McAL Limited (“ANSA McAL”), advises of the completion of the acquisition of 1,869,805 ordinary shares in Lewis Berger (Overseas Holdings) Limited (“LBOH”), representing 100% of the shareholding in LBOH, a private limited company incorporated under the laws of England & Wales with effect from July 24, 2017. LBOH is the owner of:
a. 3,613,011 ordinary shares in Berger, representing 70% of the shareholding of Berger;
b. 376,000 equity shares, representing 100% of the shareholding of Berger Paints Barbados Limited, a company incorporated under the laws of Barbados;
c. 109,332,222 equity shares, representing 51% of the shareholding of Berger Paints Jamaica Limited, a publicly listed company incorporated under the laws of Jamaica.

The transaction whereby ANSA McAL is due to acquire 500,000 ordinary shares in Berger Paints Trinidad Limited from Chan Ramlal Limited is expected to close in the near future subject to the satisfaction of certain conditions precedent, typical in share purchase transactions of this nature.

By Order of the Board
Frances Bain-Cumberbatch
Group Head of Legal/Corporate Secretary
ANSA McAL Limited
11th Floor, TATIL Building


Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday July 26, 2017