Jun 2006 Financial News

Barbados Stock Exchange May Go Public

Jun 28, 2006

Marlon Yarde, General Manager of the Barbados Stock Exchange (BSE) revealed during the BSE’s third public seminar that the BSE may consider demutualisation.

Mr Yarde intends to present a paper to the Board at its next meeting scheduled meeting on July 28, 2006. The paper would discuss the feasibility of demutualisation and the advantages and disadvantages to the Stock Exchange.

Should the Board decide move in that direction, the BSE would join a number of international exchanges such as the New York Stock Exchange, that have become publicly listed and traded Companies.

The BSE is currently made up of four designated members, 14 ordinary member institutions and two individual ordinary members.

Sreshtha Tewari
WISE Research Team

Source: The Nation Newspaper
June 28, 2006