Security Service Group Ltd. was established in April 2002 under the Companies Act of Bermuda. The Company operates as an investment holding company, the principal assets of which comprise significant interests in companies whose shares are listed on the Alternative Investment Market of the London Stock Exchange, namely the Andrew Sykes Group Plc and London Securities Plc. These companies are primarily involved in air quality control and fire security, principally in the United Kingdom, as well as in Europe and internationally.
The Class A and Class B Shares, while listing on the Exchange's Mezzanine Market, are being introduced under the General Marketing provisions of the Exchange. This is a specific accommodation made by the Exchange for Bermuda incorporated companies, whose securities would otherwise normally be restricted to Qualified Investors.
The listing of Security Services Group Ltd. is being sponsored by First Bermuda Group Ltd of Hamilton, Bermuda, while Hollis and Co., also of Hamilton, Bermuda, acted as legal advisors to the Company on the listing.
"First Bermuda Group Ltd. is proud to have been chosen as Listing Sponsor to Security Services Group Ltd., which listing will further enhance the stature of the Bermuda Stock Exchange Mezzanine Market," said Mr. Michael Schroter of First Bermuda Group Ltd.
Mr. Richard Pollard, speaking on behalf of Securities Services Group Ltd., commented, "The Directors of Security Services Group Ltd. believe that the listing on the BSX will raise the profile of the Group in the United States and Europe, enabling a wider range of investors to hold the Company's shares and also allow it greater access to capital markets. Mr. Jacques Gaston Murray who, at present, ultimately owns 100% of the Company's shares, also believes that greater shareholder value will be obtained by the combination of Andrew Sykes and London Securities to create a larger service orientated group."
"The Bermuda Stock Exchange is delighted that Security Services Group Ltd. chose to list its shares on the Exchange. As a significant international investment holding company domiciled in Bermuda, Security Services Group Ltd. represents the type of equity listing which is particularly suited to our Mezzanine Market and our International Listing Regulations," said Mr. James S. McKirdy, Listing & Compliance Manager of the BSX.
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For further information on Security Services Group Ltd., please contact Michael Schroter of First Bermuda Group Ltd. at phone 1-441-295-1330, fax 1-441-292-9471 or email schroter@fbs.bm.
For more information about the BSX contact James McKirdy at the Bermuda Stock Exchange at phone 1-441-292-7212 or fax 1-441-292-7619. Information is also available at www.bsx.com, on Bloomberg at BSX
The BSX was founded in 1971 and is the world's leading fully electronic offshore securities market. The BSX lists equities, mutual funds and bonds, as well as depository receipts. The Exchange is recognized by the SEC as a "DOSM" (Designated Offshore Securities Market) and is a full member of the World Federation of Exchanges.