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Bermuda National Limited Announces That Utilico Investments Limited Has Exercised Options
Hamilton, Bermuda: 23 Ocotober 2012 - Bermuda National Limited (“BNL”) announces that Utilico Investments Limited (“Utilico”) has exercised options over 250,626 common shares in BNL at a price of US$5.6972 per share.
Following this exercise, Utilico is now interested in 2,715,127 common shares in BNL, representing approximately 37.43% of BNL’s issued share capital. Following this option exercise, BNL confirms that a further 249,374 options in BNL with an expiry date of 31 December 2012 remain unexercised.
-ENDS-
Media Contacts:
Alasdair Younie
Director
Bermuda National Limited
Tel: 441-299-2897
Email: ay@icm.bm
Bermuda National Limited is a Bermuda exempted financial services investment holding company whose major asset is its 100% owned subsidiary, Bermuda Commercial Bank Limited, one of Bermuda’s four licensed banks which is focused on corporate and private wealth. BNL’s shares are publicly traded and listed on the Bermuda Stock Exchange www.bsx.com (Ticker: BNK.BH). BNL’s share price is available on the BSX and on Bloomberg and is published daily in the Royal Gazette.