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Bermuda National Limited Announces Proposed Acquisition of J O Hambro Investment Management Limited
Hamilton, Bermuda: 26 July 2013 - Bermuda National Limited, a listed financial services investment holding company, is pleased to announce that BNL has received regulatory approval from the UK’s Financial Conduct Authority in relation to the proposed acquisition of JOHIM CS Limited, the holding company of J O Hambro Investment Management Limited (“JOHIM”) and its affiliates. Pursuant to the sale and purchase agreement, completion of the acquisition is envisaged to occur on July 31, 2013.
In addition, a number of BNL’s significant shareholders have exercised their Bonus Warrants. A total of 1.87 million Bonus Warrants were exercised at $12.00 per share, raising approximately US$22.4 million. Following the issue of the new common shares, Utilico Investments Limited is interested in 5,270,110 common shares representing approximately 49.4% of BNL’s issued share capital, Permanent Investments Limited is interested in 3,288,379 common shares representing approximately 30.8% of BNL’s issued share capital and ICM Limited is interested in 805,475 common shares representing approximately 7.6% of BNL’s issued share capital.
Media Contacts:
Alasdair Younie
Director
Bermuda National Limited
Tel: +1 441-299-2897
Email: ay@icm.bm