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KeyTech Limited is now One Communications Ltd.
Hamilton, Bermuda – February 14, 2017 — In a filing with the Bermuda Stock Exchange (“BSX”), KeyTech Limited (the "Company"; Ticker: KEY.BH), today announced a change of name. The filing stated:
We are pleased to announce that KeyTech Limited (the “Company”) has changed its name to “One Communications Ltd.” effective 14 February 2017. This change was recommended by the Board of Directors at the Company’s Annual General Meeting on 15 November 2016 and approved by shareholders through a subsequent written resolution.
The Company’s name change complements the recent rebranding of all services provided by its main operating subsidiaries in Bermuda – Logic Communications Ltd. and Bermuda Digital Communications Ltd., both of which now trade as One Communications. One Communications has recently announced more than $20 million in infrastructure investments to support new FibreWire broadband, 4G LTE mobile services and planned video product upgrades in Bermuda.
The Company’s change in name does not affect the number of shares outstanding and held by Company shareholders. Each share held in “KeyTech Limited” prior to today is now an equal share in “One Communications Ltd.” Existing share certificates issued in the name of “KeyTech Limited” are now cancelled and the Company shares represented thereby continue to be evidenced by the Company’s share register as uncertificated or “paperless” securities.
The Company confirms that paper certificates are not required to evidence a shareholder’s share ownership, and shareholders may continue to freely trade their shares on the Bermuda Stock Exchange. While not necessary to evidence shares in the Company, the Company stands ready to issue a share certificate reflecting the Company’s new “One Communications Ltd.” name to any shareholder requesting their shares be represented in certificated form. To request certificated shares, shareholders can contact the Company’s Share Registry Administrator at shareholder@onecomm.bm or by phone at 441-296-9609.
The Company’s current Board of Directors is as follows:
Mr. Gary L. Phillips, Chairman
Mr. Kurt Eve, Deputy Chairman
Ms. Fiona E. Beck
Mr. Justin Benincasa
Mr. Charles Jillings
Mr. E. Michael Leverock
Mr. Michael Prior
Media Contact
Jeremy Deacon
Deep Blue Communications
Tel: 534-2205