Jun 2015 Financial News

Republic Bank Limited - Proposed Restructuring

Jun 03, 2015

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

Republic Bank Limited (“Republic Bank”) advises that on 2nd June, 2015 the Board of Directors approved the restructuring of Republic Bank with respect to the formation of a holding company to be called Republic Financial Holdings Limited.

This restructuring is to be effected by a vesting order under the Financial Institutions Act chap 79:09 and will have no impact on shareholders and customers.

The restructuring will take effect on 1st October, 2015 and is subject to shareholder and regulatory approval.

Jacqueline Quamina
Corporate Secretary/General Counsel

June 3, 2015

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday June 3, 2015