Press Releases Media Library
Back to Press Releases
Changes to BHL Share Ownership
September 23, 2015
Banks Holdings Limited (‘the Company’) is aware that a share trade took place on the Barbados Stock Exchange on Tuesday 22nd September, 2015,when approximately 20% of shares in the Company were acquired by SLU Beverages Limited (‘SLU’) a company which we are advised is owned by Companhia de Bebidas Das Américas - AmBev (‘AmBev’).
The Company is also aware that, when combined with shares already owned by SLU in the Company, the above-mentioned share trade has resulted in SLU holding a total of approximately 40% of the shares in the Company and the application of the provisions of the Barbados Take-Over Bid Regulations, 2002 (‘the Regulations’) must now be considered.
The Company’s Directors will comply with their responsibilities under the Regulations, the Rules of the Barbados Stock Exchange Inc. and other relevant rules, regulations and legislation and will communicate further with its shareholders in due course where necessary.
CAP. 1: The official BHL notice which appeared in the press on September 23rd, 2015.