May 2016 Financial News

Guardian Holdings Limited - Notice of the successful completion of the acquisition by NCBJ of 29.99% stake in GHL

May 13, 2016

NOTICE TO SHAREHOLDERS

ANNOUNCEMENT OF THE SUCCESSFUL COMPLETION OF THE ACQUISITION BY NATIONAL COMMERCIAL BANK JAMAICA LIMITED (“NCBJ”) OF A 29.99% STAKE IN GUARDIAN HOLDINGS LIMITED (“GHL”)

Further to our announcement in November 2015 and subsequent update on April 20, 2016, GHL has been advised of the successful completion of the acquisition of a 29.99% stake in GHL by NCBJ with effect from May 12, 2016.

As indicated in our November 2015 announcement, the closing of this transaction included the sale by the International Financial Corporation (IFC) of its holding in GHL, so they no longer hold any shares in the company. Although some shares have been sold by the Lok Jack and Ahamad families, they continue to have a
significant stake in the company that now stands at 21.84%.

This transaction is a momentous event in the financial services sector in the Caribbean as it brings together the leading insurer and one of the largest banks in the Caribbean.

All parties remain of the view that alignment of NCBJ and GHL is a very positive development that holds great opportunity for our respective shareholders, clients and employees.

Arthur Lok Jack
Chairman
May 12, 2016

Source:
The Trinidad and Tobago Stock Exchange Limited
Friday May 13, 2016