Caribbean Investment Holdings Ltd Proposed Continuation to BVI (1143J)
07 Abril 2020 - 10:23AM
UK Regulatory
TIDMCIHL
RNS Number : 1143J
Caribbean Investment Holdings Ltd
07 April 2020
This announcement contains inside information.
CARIBBEAN INVESTMENT HOLDINGS LIMITED - PROPOSED CONTINUATION TO
THE BRITISH VIRGIN ISLANDS
Belize City, Belize, 7 April, 2020 -- Caribbean Investment
Holdings Limited (London - AIM: CIHL; Bermuda - CIHL) (the
"Company" or "CIHL").
The Board of CIHL regularly reviews the optimum structure of the
Company and its subsidiaries (the "Group"). It announces today that
it is exploring the continuation of the parent holding company of
the Group, from Belize to the British Virgin Islands (the
"Continuation") because it believes that the British Virgin Islands
offers a more appropriate holding company environment for CIHL.
The Board will provide further details of the proposed
Continuation in due course, which is anticipated to complete,
should it proceed, in late April 2020.
There can be no certainty that the proposed Continuation will
occur. However, should the proposed Continuation become effective
it is expected that the Company will have a new ISIN, which will be
VGG1991M1032. Should the Continuation occur it is expected that the
new ISIN will be effective from 21 April 2020.
The Group's business would not change as a consequence of the
Continuation and there would be no change to the Company, the Board
of Directors, or the Group's assets and liabilities, should the
Continuation proceed. The Company would maintain its quotation on
AIM and the Bermuda Stock Exchange following the Continuation.
For further information contact:
Caribbean Investment Holdings Limited
UK +44 (0)207 248 6700
Belize +501 227 7178
Cenkos Securities plc
Nicholas Wells +44 (0)207 397 8920
Note: This and other press releases are available at the
Company's website: http://www.cihltd.co.
Background Information
Caribbean Investment Holdings Limited ("CIHL") is a parent
holding company with no independent business operations or assets
other than its investments in its subsidiaries, intercompany
balances and holdings of cash and cash equivalents. CIHL's
businesses are conducted through its subsidiaries. The Belize Bank
Limited ("BBL") is incorporated and based in Belize and focuses on
the provision of financial services and lending to domestic
clients. Belize Bank International Limited is incorporated and
based in Belize and focuses on the provision of financial services
and lending to international clients. CIHL also owns an
international corporate services business based in Belize, which
operates as Belize Corporate Services Limited. Within Belize, BBL
is one of the largest, full service commercial and retail banking
operation with a head office in Belize City and eleven branches
extended into each of the six districts of Belize. The principal
operations of BBL are commercial lending, consumer lending, deposit
taking and related banking activities.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCUPUPPCUPUGAM
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April 07, 2020 11:23 ET (15:23 GMT)
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