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Bermuda First Investment Company Limited – Market Announcement
Hamilton, Bermuda – 05 November, 2013 – Bermuda First Investment Company Limited (the "Company" or "BFIC"; Ticker: BFIC.BH), an investment holding company with a number of significant investments in BSX Bermuda listed companies, announces, in a 04 November, 2013, filing, that Utilico Investments Limited (“Utilico”) has exercised 170,000 warrants in BFIC. Following this warrant exercise, Utilico is interested in 1,372,315 shares in the Company, representing approximately 70.8% of the Company’s issued share capital.
Bermuda First Investment Company Limited is a Bermuda exempt investment holding company with significant investments in a number of BSX listed Bermuda companies. Its main investments are in KeyTech Limited and the Ascendant Group Limited. The Company’s core strategy is to continue to build strategic investments in local Bermudian companies subject to the relaxation of the 60/40 rule. BFIC’s shares and loan notes are publicly traded and listed on the Bermuda Stock Exchange bsx.com (Tickers: BFIC.BH and BFICN.BH).
Media Contacts:
Alasdair Younie
Director
Bermuda First Investment Company Limited
Tel: 441-299-2897
Email: ay@icm.bm