Oct 2015 Financial News

Ansa McAL Limited - Notice of Material Change

Oct 26, 2015

Legal Notice
Pursuant to Section 64 of the Securities Act, 2012

On October 16th, 2015, ANSA McAL Limited acquired all the issued and outstanding shares in the capital of BWPL Holdings Limited (“BWPL”), an international business company incorporated under the Laws of St. Lucia, which is the owner of 8,461,363 common shares representing approximately 13% of the shareholding of Banks Holdings Limited (“BHL”).

On October 20th, 2015, ANSA McAL Limited, through its wholly owned subsidiary incorporated in Barbados, namely A.M Caribbean Development Ventures Ltd., made an offer to the registered shareholders of BHL to acquire all of the remaining issued common shares in BHL at a cash price of BBD$5.20 per common share.

The offer will expire on November 20, 2015.

By Order of the Board

Frances Bain-Cumberbatch
Group Head of Legal/Corporate Secretary

October 22, 2015

Source:
The Trinidad and Tobago Stock Exchange Limited
Monday October 26, 2015