This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Somers Limited - Update on sale of Bermuda Commercial Bank Limited
Hamilton, Bermuda – 21 February 2020 – In a filing with the Bermuda Stock Exchange (“BSX”), Somers Limited (“Somers”, the “Company” or the “Group”; Ticker: SOM.BH) a financial services investment holding company, filed an update on the sale of Bermuda Commercial Bank. The full filing stated.
Somers Limited
(“Somers”)
Update on sale of Bermuda Commercial Bank Limited (“BCB”)
For Immediate Release - (Hamilton, Bermuda) Somers Limited, a financial services investment holding company, is pleased to announce that further to the announcement on 5 February 2019 that Somers had agreed to the sale of the entire issued share capital of BCB to Permanent Capital Holdings Limited, all the material Regulatory and Government approvals have been received. Completion of the transaction is expected to occur shortly and Somers will update shareholders upon completion.
Media Contacts:
Alasdair Younie
Director
ICM Limited
Tel: 441-299-2897
Email: ay@icm.bm