Jun 2017 Financial News

Berger Paints Trinidad Limited - Notice of Material Change

Jun 23, 2017

Notice to Shareholders

Pursuant to:
Section 64 (1) (b) of the Securities Act 2012 & Rule 603 (2) of the Trinidad and Tobago Stock Exchange Limited:

Berger Paints Trinidad Limited wishes to advise that on June 16, 2017, its indirect parent company, Berger International Private Limited (BIPL) entered into a share purchase agreement with Ansa Coatings International Limited (ACIL), a subsidiary of the Ansa McAL Group for the sale to ACIL of 100% of the issued and outstanding shares of Lewis Berger (Overseas Holdings) Limited (LBOH).

LBOH is the holder of approximately 70% of the outstanding shares in Berger Paints Trinidad Limited and as such, upon the completion of the transaction, ANSA will become the direct holder of approximately 70% of the outstanding shares in Berger Paints Trinidad Limited.

The completion of the transaction is subject to completion of conditions as set out in the share purchase agreement between BIPL and ACIL. We will keep you informed of any further updates.

By Order of the Board:

Omawatie Birbal
CORPORATE SECRETARY

Source:
The Trinidad and Tobago Stock Exchange Limited
Friday June 23, 2017