Apr 2023 Financial News

ANSA McAL Limited - Notice of Material Information - Completion of TATIL's Compulsory Acquisition of COLFIRE

Apr 13, 2023

The compulsory acquisition process initiated on 10th March, 2023 by Trinidad and Tobago Insurance Limited (“TATIL”), a wholly-owned subsidiary of ANSA Merchant Bank Limited (“AMBL”), whose ultimate parent is ANSA McAL Limited (“ANSA McAL”) (ANSA McAL owning 82.5% of AMBL’s shares), pursuant to the provisions of Section 202 of the Companies Act, Chap. 81:01 of the Laws of Trinidad and Tobago, to acquire the remaining 2.5% of Colonial Fire & General Insurance Company Limited (“Colfire”), representing the shareholding of the shareholders of Colfire who did not accept TATIL’s offer and take-over bid to acquire all the issued and outstanding ordinary shares of Colfire issued on 29th December , 2022, was completed on 6th April, 2023. 

Please click for further details.

The Trinidad and Tobago Stock Exchange Limited
Thursday 13th April, 2023