May 2018 Financial News

Guardian Holdings Limited - Response to Newspaper Article on NCB Global Holdings Limited Take Over Bid for shares of GHL

May 23, 2018

Guardian Holdings Limited (GHL) is aware of a news alert dated May 15^th, 2018 titled SEC reaches settlement in NCBGH, GHL takeover case and an article published on May 20^th 2018 the Sunday Express titled Improved offer for GHL coming. The Sunday Express article dated May 20^th, 2018 appears to suggest that another Offer is expected to be made by NCB Global Holdings Limited to GHL shareholders, under new terms and conditions and that a settlement has already been arrived at in the matter before the Trinidad and Tobago Securities and Exchange Commission (TTSEC).

GHL wishes to clarify for the benefit of its shareholders and for the investing public, that the information reported in those publications is inaccurate. The matter before the TTSEC was adjourned on May 15^th, 2018 to date to be fixed by the TTSEC, at the request of the Applicants and NCB Global Holdings Limited, to facilitate an attempt to amicably resolve all issues in dispute currently before the Hearing Panel of the TTSEC.

GHL is unaware of the terms of any potential resolution of this matter which remains subject to strict confidentiality between those parties.


Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday May, 23 2018