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This statement relates to the sale by the Dominica Social Security (DSS) of shares in the Dominica Electricity Services Limited (DOMLEC) and whether the transaction was conducted in contravention of the Securities Act 2001 and Regulations. It represents the views of the Commission but is not a policy, rule or regulation.
FirstCaribbean International Bank Limited has announced today that, CIBC, following its acquisition of 599.4 million shares of FirstCaribbean, has made an offer to all remaining shareholders, to acquire their shareholding in the regional bank.
FirstCaribbean International Bank Limited has today announced that CIBC has purchased 599,401,230 shares of FirstCaribbean under the previously announced plans to acquire Barclays Bank’s 43.7 per cent ownership in the regional financial institution.
CIBC paid US$988,652,389 in cash. The purchase price paid to Barclays represents US$1.62 for each FirstCaribbean share, plus accrued but unpaid dividends.
The Eastern Caribbean Securities Regulatory Commission (ECSRC) hereby advises the public that Cantwell International LLC is not licensed by or registered with the ECSRC to offer investment services or products, or to hold itself out as carrying on business dealing in securities in Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Lucia, St Kitts-Nevis, and St Vincent and the Grenadines. Consequently, such activities in which this firm may be engaged are not regulated by the ECSRC.
The Eastern Caribbean Securities Regulatory Commission wishes to advise the general public that only persons who are licensed by the Eastern Caribbean Securities Regulatory Commission in respect of securities business, or an authorised person can issue or cause a securities advertisement to be issued in Grenada.