Sep 2011 Financial News

Proposed Amalgamation of Barbados Shipping & Trading Company

Sep 13, 2011

The following Information Memorandum to Shareholders was mailed to shareholders of Barbados Shipping & Trading Company Limited:

The Board of Directors of the Barbados Shipping & Trading Company Limited and the Board of Directors of BS&T Holdings Limited have approved an amalgamation between these two companies pursuant to an amalgamation agreement which will be submitted to the shareholders of both companies for approval.

BS&T Holdings Limited owns directly approximately 97.2% of the issued and outstanding shares of The Barbados Shipping & Trading Company Limited as at today’s date and will vote all such shares in favour of the Amalgamation.

The necessary consultations with the relevant regulatory authorities have been held and all required information has been submitted and approval obtained.

This Amalgamation will result in Neal & Massy Holdings Limited becoming the sole shareholder of the amalgamated company.

Full details including benefits of the transaction, the supporting financial data and the amalgamation process, will be sent to all shareholders of The Barbados Shipping & Trading Company Limited together with the notice of special meeting of the shareholders to approve the Amalgamation.

For more information on the Barbados Shipping & Trading Company Limited visit
www.bsandtco.com


Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday September 13, 2011