Mar 2017 Financial News

First Citizens Bank Limited - Notice of Additional Public Offering

Mar 01, 2017

In his budget statement of September 30, 2016, the Honourable Minister of Finance, Mr. Colm Imbert, indicated that the Government of the Republic of Trinidad and Tobago (“GORTT”) intended to make an offer for an additional sale of its shareholding in First Citizens Bank Limited (the “Bank”) via First Citizens Holdings Limited (the “Offeror”). The proceeds from this sale are intended to fund Government’s Fiscal Programme.

At a meeting of the Board of Directors of the Bank held on Tuesday 21 February, 2017, the Directors approved the additional sale of 48,495,665 shares in the Bank owned by GORTT through its nominee, the Offeror

By Order of the Board
February 25, 2017

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday March 1, 2017