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BSX Announces The Listing Of The Shares Of The Global Investment Basket (II) Limited
Hamilton, Bermuda: 01 November, 2007 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of up to 100,000 Ordinary Shares of The Global Investment Basket (II) Limited ("the Company"), of the total authorised Share capital of the company, which is 999,000 Ordinary Shares of GBP0.01 each.
The listing is effective as of the 31 October 2007.
This fund is a continuation of the Global Investment Basket that was approved by the BSX Listings Committee 15 August 2002.
The original fund was obliged to redeem the Existing Share Issue on 30 October 2007 at the redemption price. The Directors proposed a Special Resolution to holders of Existing Shares to the effect that shareholders who do not wish to have all or some of their Existing Issued Shares redeemed shall be entitled to remain shareholders in the Company and the rights attached to such Existing Shares shall be amended such that those Existing Issued Shares shall have the rights as described in the Prospectus.
The Special Resolution was adopted at the meeting of Shareholders on 23 July 2007, and the Directors were authorised to issue and allot on 31 October 2007 up to 100,000 Ordinary Shares (of the same class of shares as those currently in Issue) at a price equal to the fair market value of the Existing Shares pursuant to the Prospectus.
The investment objective of the Company is to provide investors with an equity investment that will provide GBP capital protection, and the potential for capital growth.
Appleby Securities (Bermuda) Limited sponsored the listing of the Ordinary Shares of the Global Investment Basket Limited. The securities are being listed under the Listing Regulations for Collective Investment Schemes and the provisions for Regular Marketing.
Greg Wojciechowski, President & CEO of the BSX stated: "We are delighted to welcome The Global Investment Basket to the Official List of the BSX. The Global Investment Basket (II) Limited joins a prestigious group of domestic and international companies and funds that have listed on the BSX."
"Appleby Securities is very pleased to have been chosen as sponsors to The Global Investment Basket (II) Limited" said Tom Crickett of Appleby Securities (Bermuda) Ltd.
Further information on the Global Investment Basket Limited Company can be obtained from the Administrator, Investec Trust Guernsey Limited at enquiries@investectrust.com.