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Polaris Holding Company Limited – Share Repurchase
Hamilton, Bermuda – 25 August, 2016 – In a filing with the Bermuda Stock Exchange (“BSX”), Polaris Holding Company Limited (the “Company”; Ticker: POLAR.BH) announced a share repurchase on 19th August 2016. The filing stated:
Pursuant to Regulation 6.14(2)(i) as of 19th August 2016, otherwise than in accordance with Regulations 6.37 to 6.43, Polaris Holding Company Limited purchased 5,200 of its listed securities over the exchange at the prevailing market rate of $4.00 per share.
The listed securities which were repurchased were cancelled with immediate effect.
The listed securities repurchased represent 0.4% of the Company’s total listed securities issued as at the date of the trade.
Editor Notes
In addition to Stevedoring Services Limited, Polaris Holding Company Limited operates Mill Reach Holding Company Limited, a company which holds real estate located at Mill Reach Lane, Pembroke. It also operates Equipment Sales and Rental Limited, a company which owns and leases heavy operating machinery and equipment to Stevedoring Services Limited. All entities are wholly owned by Polaris Holding Company Limited with consolidated results incorporated in Polaris Holding Company Limited’s March 31, 2015 financial statements.
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Contact:
Aloma Musson
Administration Manager
Polaris Holding Company Limited
P.O. Box HM 377
Hamilton HM BX, Bermuda
Tel: (441) 292-3366 ext 202
Fax: (441) 295-8708