Post Ruling Ansa McAL $6.00 Share offer stands

Ansa McAL has had an interest in ownership of Banks Holdings Limited (BHL) for over a decade and we will vigorously continue in our efforts to ultimately own the business.

They're disappointed with the Court's ruling (of course) to remove the cease trading order for BHL shares. This is a setback in our effort through the legal system to create a level playing field for all BHL shareholders.

They’re disappointed with the Court’s ruling (of course) to remove the cease trading order for BHL shares. This is a setback in our effort through the legal system to create a level playing field for all BHL shareholders.

However, the Trinidadian conglomerate wishes to assure all interested Barbadians that ANSA Mc AL’s unconditional $6.00 per share offer stands and is still the highest offer on the table.

Additionally, all concerns fighting for control of BHL have been given additional time in which to make their bids.

 

The late Friday night decision was greeted with "delight" by the company's legal representative Barry Gale, QC, one of its directors Chris DeCaires and its chief executive officer and managing director Richard Cozier.

The late Friday night decision was greeted with “delight” by the company’s legal representative Barry Gale, QC, one of its directors Chris DeCaires and its chief executive officer and managing director Richard Cozier.

As he discharged the injunction, Chief Justice Sir Marston told all sides involved in the legal tussle that based on the evidence presented to him in the three days of hearing, the court felt it “should take itself out of the market process.”

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