The Company was incorporated under the laws of Bermuda on 25 January 2001 as a Bermuda exempted company.
IRMA was established as a technology-based company for the marketing of environmentally related technologies and expertise on a worldwide basis. Initially the Company will concentrate on processes for the reduction of bioorganic and inorganic materials and the production of crop-specific balanced bioorganic fertilizers.
The listing of the Ordinary Shares of IRMA EnviroTec Holdings Ltd. is sponsored by First Bermuda Financial Services Ltd.
The issue is being introduced for listing under the Restricted Marketing provisions of the Exchange and is for securities that are aimed at Qualified Investors, being individuals or institutions that invest either a minimum of $100,000 or otherwise meet one of the suitability tests defined by the Exchange.
Mr. Frans Bezuidenhout, President of IRMA, comments, " IRMA is delighted to be listed on the BSX, as it will provide IRMA with a progressive and growing medium from which to grow its own business and to use Bermuda as a springboard from which IRMA will endeavour to become a global player in exploiting its advanced environmental technologies in reducing or potentially eliminating the world's organic waste problems."
"The BSX welcomes IRMA EnviroTec Holdings Ltd. to listing", said Mr. James S. McKirdy, Listings and Compliance Manager of the BSX. "IRMA joins the growing number of Bermuda exempted companies that have listed on the Exchange."