Pursuant to Subsections 98(1) and (2) of the Securities Industry Act, the Directors of Bahamas First Holdings Limited (“BFH”) are required to make the following disclosure:
The ultimate beneficial owner of TEIG Holding Company (Barbados), Ltd (“TEIG”), which holds just under 20% of the issued ordinary shares of BFH, is in discussions with an international property and casualty and reinsurance investor (“the Acquirer”) to sell either TEIG or TEIG’s 20% interest in BFH’s shares. The Acquirer has also expressed interest in acquiring additional shares in BFH.
To the extent that any further developments of a material nature are brought to the attention of the Board of BFH, it will continue to keep its shareholders and the investing public aware in accordance with relevant laws and regulations.
