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SONS INVESTMENTS LTD– INTERNALISATION OF INVESTMENT MANAGER
HAMILTON, Bermuda- 11 May 2020 –In a filing with the Bermuda Stock Exchange, SONS Investments Ltd.(the “Company”; Ticker: SONS.BH), announced the internalisation of the Investment Manager. The filing stated:
SONS INVESTMENTS LTD
(Incorporated in the British Virgin Islands)
(Registration number 1913100)
Having its registered address at
Coastal Building, Wickham’s Cay II, P.O. Box 2221, Road Town, Tortola, British Virgin Islands
BSX Ticker: SONS.BH
ISIN: VGG8272L1004
(“SONS” or “the Company”)
INTERNALISATION OF INVESTMENT MANAGER
Shareholders are advised that, following a special resolution passed by the voting shareholders on 8 May 2020, in terms of Section 12 (1) of the BVI Business Companies Act, 2004 of British Virgin Islands,the Fund has internalised its investment manager, CG Management Services Ltd (“the Investment Manager”), by the acquisition of the shares in the Investment Manager from its shareholder, with effect from 29 February 2020.
The internalisation of the investment manager has a number of benefits to the Fund, including simplifying the management structure and decision-making processes and enhancing transparency and management accountability.
11 May 2020
BSX Sponsor: LOM Financial (Bermuda) Ltd.