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West Hamilton Holdings Ltd – Significant Shareholder Announcement
Hamilton, Bermuda – 30 January, 2012 – In a filing with the Bermuda Stock Exchange (“BSX”), West Hamilton Holdings Limited (the “Company”; Ticker: WHHL.BH), advised that Bermuda Commercial Bank Limited (“BCB”) a new shareholder, has acquired 40.8 percent of the company’s shares following the Rights Offering that closed on 22 July, 2011. BCB was the underwriter of the Offering and, according to the terms of the underwriting agreement, BCB has taken up all qualifying, unsubscribed rights.
About West Hamilton Holdings Limited: The Company was incorporated in Bermuda in 2007 at which time the directors of the Company approved a reorganization of the West Hamilton Group of Companies. The primary assets of the Company consist of real property at 69 and 71 Pitts Bay Road, Pembroke HM 08. It remains the Company’s intention to develop this site by constructing four new buildings yielding 105,000 square feet of office space, 40,000 square feet of residential space, 8,000 square feet of retail space and underground parking for approximately 181 cars.
Contact:
Harrichand Sukdeo
Chief Financial Officer Tel: (441) 295-3985