Guardian Holdings Limited (GHL) Trinidadian Shareholders Unanimously Approve US $75 Million Transaction

Chairman of Guardian Holdings Limited, Arthur Lok Jack, addresses shareholders at Special Shareholders Meeting. On his right are Jeffrey Mack, Group CEO at GHL and Board Member Selby Wilson.

Chairman of Guardian Holdings Limited, Arthur Lok Jack, addresses shareholders at Special Shareholders Meeting. On his right are Jeffrey Mack, Group CEO at GHL and Board Member Selby Wilson.

Trinidad & Tobago’s Guardian Holdings Limited (GHL) has securely closed the deal on the proposed US $75 million investment by the IFC into the equity of GHL by the International Finance Corporation (IFC), it was taken when the GHL Shareholders unanimously approved the transaction at an extra-ordinary meeting of its Shareholders conducted on September 1, 2010.

A Shareholder gets clarification on the IFC Terms of Agreement at the Special Meeting of Shareholders

A Shareholder gets clarification on the IFC Terms of Agreement at the Special Meeting of Shareholders

IFC’s purchase of approximately 12.8% of Company shares at TT$16 per share, which represents a 22% premium to the share price’s 90 day moving average price, means GHL will benefit from an injection of capital that will improve cash flow, expand its capital base, and reduce its debt obligations. Additionally the move will support and facilitate the future growth strategy across the Group.

Jeffrey Mack, Group CEO of Guardian Holdings Limited, briefs shareholders on the IFC’s Terms of Agreement.

Jeffrey Mack, Group CEO of Guardian Holdings Limited, briefs shareholders on the IFC’s Terms of Agreement.

Chairman Arthur Lok Jack expressed confidence that this transaction will benefit not only the GHL Group, its shareholders and other external stakeholders, but also the wider community.

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