Mar 2019 Financial News

RFHL - Republic Bank Trinidad and Tobago (Barbados) Limited announces acquisition of a 74.99% Republic Financial Holdings Ltd

Mar 13, 2019

Further to the Notice Pursuant to Section 64(1) (b) of the Securities Act 2012, dated 14th September, 2018, and published on the 14th and 18th September, 2018, Republic Financial Holdings Limited (RFHL) announces that, having received all requisite regulatory approvals, Republic Bank Trinidad & Tobago (Barbados) Limited, a Barbados-based subsidiary of RFHL, has acquired a 74.99% shareholding in Cayman National Corporation Limited (CNC).

This acquisition of CNC by RFHL involved the purchase of 74.99% or 31,755,842 of the issued shares in CNC, at a price of US$6.25 per share. The total cost of the transaction was US$198,474,012.50.

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 13 March, 2019