SHAREHOLDERS JOIN ANSA McAL IN SHAREHOLDER OPPRESSION SUIT
ANSA McAL (Barbados) Limited will be appealing the Courts’ decision last Friday to lift the injunction that blocked trading of shares and bidding for control of Banks Holdings Limited. President, CEO of ANSA McAL (Barbados) Limited.
Most of the BHL shareholders who intend to join with ANSA McAL in the class action suit have shareholding over 100,000 shares. The Trinidadian executive also called on all other BHL shareholders who feel aggrieved to join in the class action suit.
The lawsuit will contest the validity of the ‘put option’ clause, challenge its legality and seek to establish that it is indeed disadvantageous to all shareholders other than SLU/ AmBev.
ANSA McAL and the other shareholders are in agreement that they are fighting for a fair and level playing field to ensure that shareholders can get maximum value for their shares.