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Financial News

Oct 2021 Financial News

First Citizens Bank Limited - Update on New Holding Company Structure

Oct 11, 2021

On Wednesday June 30, 2021, the Shareholders of First Citizens Bank Limited ("the Bank") approved the corporate legal restructure of the First Citizens Group wherein the Bank would no longer be the holding company of the First Citizens Group but would instead become a subsidiary of a new holding company, First Citizens Financial Group Limited ("FCGFH"), together with other subsidiaries within the First Citizens Group. The Shareholders of the Bank will hold shares in FCGFH in the same percentage that they held in the Bank. FCGFH would be listed on the Trinidad and Tobago Stock Exchange and the shares in the bank would be delisted.

Source:
The Trinidad and Tobago Stock Exchange Limited
Monday 11th October, 2021


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