May 2015 Financial News

Republic Bank Limited - Notice of Material Change Disclosure-HFC Bank (Ghana) Limited

May 14, 2015

Notice Pursuant to Section 64(1)(b) of the Securities Act 2012

Republic Bank Limited (Republic Bank) announces that it has acquired the controlling shareholding of HFC Bank (Ghana) Limited (“HFC Bank”) following its mandatory takeover offer (“MTO”) to the shareholders of HFC Bank to purchase ordinary shares of no par value in HFC Bank.

Prior to the MTO, Republic Bank’s total shareholding of HFC Bank was thirty nine point nine four per cent (39.94%).

Republic Bank has now acquired a further shareholding of seventeen point two five per cent (17.25%) as a cost of twenty four million four hundred and forty thousand one hundred and thirty four United States dollars and fifty cents (US$24,440,134.50).

Republic Bank now holds fifty seven point one one per cent (57.11%) of the total shareholding of HFC Bank.

Jacqueline Quamina
Corporate Secretary/General Counsel

May 14, 2015

Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday May 14, 2015