Polaris Holding Company Ltd. (POLAR.BH) is the parent company of Stevedoring Services Limited, Mill Reach Holding Limited, East End Asphalt Company Limited and Equipment Sales and Rentals Limited.
Stevedoring Services Limited (formerly listed on the BSX under ticker: STVD.BH) is a stevedoring company with a license to operate the Hamilton docks in Bermuda.
Mill Reach Holding Limited owns and manages property located at #7 Mills Reach Lane, Pembroke, Bermuda.
East End Asphalt Company Limited is Bermuda’s leading asphalt manufacturing and paving company.
Equipment Sales and Rentals Limited owns the heavy equipment which is leased to Stevedoring Services Limited.
The reorganization of the companies, with the exception of East End Asphalt Company Limited, was made under a Scheme of Arrangement in accordance with the Companies Act 1981 and was agreed by the shareholders of Stevedoring Services Limited on Wednesday, 16 March 2011 and was sanctioned by the Bermuda Supreme Court on Friday, 25 March 2011.
As a result of the reorganization, trading in shares of Stevedoring Services Limited on the Bermuda Stock Exchange ceased and its listing was cancelled. The common shares of Polaris Holding Company Ltd. were approved for listing on the Bermuda Stock Exchange effective Monday, 28 March 2011.
Shareholders of Stevedoring Services Limited became shareholders of Polaris Holding Company Ltd. in the same proportion as their current shareholding (i.e. for each share of Stevedoring held they receive a share of Polaris).
In March 2019 Polaris acquired East End Asphalt Company Limited, Bermuda’s only privately held asphalt manufacturer and provider.
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