May 2017 Financial News

Trinidad and Tobago NGL Limited - Notice of Additional Public Offering

May 18, 2017

In his budget statement of October 17, 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 Trinidad and Tobago NGL Limited (“TTNGL”), through its nominee The National Gas Company of Trinidad and Tobago Limited (“NGC”). The proceeds from this sale are intended to fund GORTT’s Fiscal Programme.

At a meeting of the Board of Directors of TTNGL, held on May 17, 2017, the Directors approved the additional sale of 40,248,000 Class B shares in TTNGL, owned by NGC.

By order of the Board
May 17, 2017
 

Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday May 18, 2017