- Title:
Schedule One - Caribbean Investment Holdings Ltd - Time:
10:00:01 - Date:
15 Apr 2020 - Category:
Capital structure - ID:
7099J
⌘K
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| ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES (“AIM RULES") |
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| COMPANY NAME: |
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Caribbean Investment Holdings Limited (the “Company” or “CIHL”)
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| COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : |
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Existing registered office:
212 North Front Street P.O. Box 1764 Belize City Belize Central America
New registered office following change of jurisdiction of incorporation to British Virgin Islands:
Craigmuir Chambers Road Town Tortola VG1110 British Virgin Islands
New trading address following change of jurisdiction of incorporation to British Virgin Islands:
101 Governors Road Leeward Providenciales Turks and Caicos Islands British West Indies
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| COUNTRY OF INCORPORATION: |
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Existing country of incorporation is Belize. Country of incorporation following change of jurisdiction of incorporation will be British Virgin Islands
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| COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: |
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https://www.cihltd.co/investor-centre/aim-rule-26
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| COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: |
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Caribbean Investment Holdings Limited is a company incorporated in Belize under the International Business Companies Act of Belize. CIHL primarily operates financial services businesses through its subsidiaries The Belize Bank Limited and Belize Bank International Limited, both located in Belize and international corporate services through Belize Corporate Services Limited.
CIHL owns the largest full service commercial and retail banking operation in Belize. The Company's strategy is to respond to the needs of its diverse client base by providing flexible, cost-effective and innovative service solutions that allow them to run their businesses more efficiently. Its main country of operation is Belize.
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| DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): |
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The Company has 103,264,000 ordinary shares in issue of no par value, including 4,296,557 treasury shares. 18,795,345 of the Company's ordinary shares are represented by depositary interests.
Accordingly, the Company will admit 18,795,345 depositary interests to trading on AIM
There are no restrictions on the transfer of securities.
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| CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
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None
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| PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
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80.43%
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| DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED: |
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CIHL shares are also traded on the Bermuda Stock Exchange
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| FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known): |
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Peter Gaze, Chairman and Non-Executive Director
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| FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known): |
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Link Market Trustees (Nominees) Limited. 18.21%
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| NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: |
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None
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| (i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: |
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(i) 31 March (ii) N/A - no admission document (iii) 30 September 2020, 31 December 2020, 30 September 2021
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| EXPECTED ADMISSION DATE: |
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28 April 2020
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| NAME AND ADDRESS OF NOMINATED ADVISER: |
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Cenkos Securities plc 6.7.8. Tokenhouse Yard London EC2R 7AS
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| NAME AND ADDRESS OF BROKER: |
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Cenkos Securities plc 6.7.8. Tokenhouse Yard London EC2R 7AS
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| OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: |
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https://www.cihltd.co/investor-centre/aim-rule-26
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| THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY |
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Quoted Companies Alliance ("QCA") Corporate Governance Code
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| DATE OF NOTIFICATION: |
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| 15 April 2020
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| NEW/ UPDATE: |
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| New
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| QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING: |
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| THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED: |
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London Stock Exchange AIM market
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| THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED: |
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23 April 2007
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| CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET OR DETAILS OF WHERE THERE HAS BEEN ANY BREACH: |
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Confirmed
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| AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE LAST TWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE: |
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| https://www.cihltd.co/investor-centre/rns-news
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| DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING STRATEGY: |
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The Company's strategy is to continue to respond to the needs of its diverse client base by providing flexible, cost-effective and innovative service solutions that allow them to run their businesses more efficiently.
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| A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED SINCE THE END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED: |
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The Company announced on 2 April 2020 that the COVID-19 pandemic is causing significant uncertainty within global banking markets including the Caribbean and Belize. Accordingly the Board of CIHL announced that it had decided not to a pay a final dividend for the year ended 31 March 2020. It was announced that the Board would review its dividend policy for the current fiscal year once banking markets have returned to a more stable state.
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| A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILABLE TO IT OR ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION: |
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The Directors of the Company confirm that they have no reason to believe that the working capital available to the Group will not be sufficient for at least 12 months following the date of Admission.
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| DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES: |
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None
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| A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANTÕS SECURITIES: |
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Securities to be settled in CREST via Depository Interests
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| A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES: |
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https://www.cihltd.co/investor-centre/aim-rule-26
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| INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC: |
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None
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| A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A FINANCIAL YEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND INTERIM RESULTS WHERE APPLICABLE. THE ACCOUNTS MUST BE PREPARED IN ACCORDANCE WITH ACCOUNTING STANDARDS PERMISSIBLE UNDER AIM RULE 19: |
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https://www.cihltd.co/results-reports
and
https://www.cihltd.co/results-reports
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| THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY: |
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The Company has 4,296,557 ordinary shares of no par value in treasury. |
Schedule One - Caribbean Investment Holdings Ltd10:00:0115 Apr 2020Capital structure7099J