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Financial News

Oct 2021 Financial News

Notice of Listing of FCGFH and Delisting of FIRST

Oct 18, 2021

This is to advise that 251,353,562 FIRST shares will be de-listed from the Trinidad and Tobago Stock Exchange Limited (the Exchange), effective Monday 18th October, 2021.

The de-listing is pursuant to an Order of the Securities and Exchange Commission dated October 11th 2021 (the Order), made under Section 45(1) and 45(2) of the Securities Act, Chapter 83:02. The Order was granted pursuant to an application for the de-listing, which was made by the Exchange as part of FIRST’s corporate legal restructure of the First Citizens Group. The corporate restructure of the legal entities within the First Citizens Group was approved by the Shareholders of FIRST at an Annual General Meeting held on June 30th, 2021.

In addition to the de-listing of the existing FIRST shares, the approved corporate legal restructure allowed for the establishment of a new holding company, First Citizens Group Financial Holdings Limited (FCGFH), and the subsequent issuance of new ordinary FCGFH shares in a ratio of 1:1 to shareholders. Accordingly, 251,353,562 FCGFH shares will be listed on the Exchange, effective Monday 18th October, 2021. The Shareholders of FIRST will therefore hold shares in FCGFH in the same proportions that they held in FIRST.

The Trinidad and Tobago Stock Exchange Limited
Monday 18th October, 2021

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