This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Bermuda National Limited Advises of Own Shares Private Transaction
Hamilton, Bermuda – 29 November, 2012 – Bermuda National Limited (the "Company" or "BNL"; Ticker: BNL.BH) today announced that on 28 November, 2012, RESIMAC Limited (“Resimac”) sold 698,216 common shares in BNL to Permanent Investments Limited (“PIL”) at a price of $9.88 per share. Both Resimac and PIL have similar beneficiaries.
As a result of the above transaction, PIL is now interested in 2,984,001 common shares, representing approximately 41.1% of BNL’s issued share capital. Resimac no longer has an interest in BNL.
Media Contacts:
Alasdair Younie
Director
Bermuda National Limited
Tel: 441-299-2897
Email: ay@icm.bm
Bermuda National Limited is a listed Bermuda exempt 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. The Company’s other main investments include a 19.9% stake in the London Stock Exchange listed Private & Commercial Finance Group plc, a UK asset financing company and a 46% stake in the London Stock Exchange listed Westhouse Holdings plc, a corporate and institutional stockbroking group with particular sectoral expertise in natural resources, investment funds, UK industrial and environmental technology.
BNL’s shares are publicly traded and listed on the Bermuda Stock Exchange bsx.com (Ticker: BNK.BH) and more details on the Company can be found at www.bermudanational.bm. BNL’s share price is available on the BSX and on Bloomberg and is published daily in the Royal Gazette.