News

Tuesday, November 29, 2016
Put Through Notices

Put-through – Sagicor Asset Management Incorporated would like to announce that the put-through of 500 shares in Goddard Enterprises Limited at $9.50 set to take place on December 5th, 2016.

Tuesday, November 29, 2016
Put Through Notices

Put-through – Sagicor Asset Management Incorporated would like to announce that the put-through of 60,867 shares in Sagicor Financial Corporation at $2.01 set to take place on December 5th, 2016.

Friday, November 25, 2016
Annual General Meetings

Cable and Wireless Barbados Limited - Directors have fixed December 2nd, 2016 as the record date for the determination of shareholders entitled to receive notice of the Annual General Meeting of the Company which will be held on January 16th, 2017.

Friday, October 21, 2016
BSE Notices

Barbados Stock Exchange Inc. Announces Second International Securities Market (ISM) Listing Sponsor

Bridgetown, Barbados. October 18th, 2016 – The Barbados Stock Exchange Inc. (BSE) is pleased to announce that, effective September 29th, 2016, FGC Services Limited was duly registered as a Listing Sponsor in good standing of the International Securities Market (ISM). As a Listing Sponsor, FGC Services Limited is authorized to engage International Business Companies (IBCs), both domiciled in Barbados and abroad, which may be seeking a primary or secondary listing of securities. The Listing Sponsors primary role is to conduct the necessary due diligence on a company (Issuer) to ensure that it is fit and proper for listing on the ISM and act as liaison between the Issuer and the BSE. The Listing Sponsor is also responsible for ensuring that, once listed, the Issuer is in compliance with its continued obligations under the Rules of the ISM.

Nicola Berry, Director - FGC Services Limited, having received the approval letter issued by the Executive Committee of the ISM noted, "FGC Services Ltd. is pleased to be associated with the International Securities Market ("ISM"), and to be a part of another milestone for the Barbados Stock Exchange, an internationally recognized stock exchange, and Barbados.  It is another option through which companies can structure and conduct their business from Barbados. We anticipate that the ISM will develop a strong reputation as a listing place for investment funds, equities and debt securities.”

Marlon Yarde - Managing Director of the BSE stated, “This is indeed an excellent accomplishment for the BSE, the ISM and Barbados as a whole. The approval of a second Listing Sponsor, in such rapid succession to the approval of the first, is testament to the fact that the investment in time, effort and resources of the BSE have not gone unnoticed. This demonstrates that practioners in the international financial services sector see value in what we have established and thus, have actively pursued becoming involved in ensuring the success of the ISM. The addition of FGC Services Limited to our core group of Listing Sponsors is definitely a step in the right direction and we trust that their involvement with the ISM will reap great rewards.” When asked about the short term plans for the ISM he noted, “We will continue our efforts at the BSE as we wish to add at least three more Listing Sponsors to the ISM before the end of this year.”

 

About the International Securities Market (ISM)

The International Securities Market (ISM) was formally launched on March 15th, 2016 at the Hilton Barbados resort. The ISM is a dedicated market for the listing and trading of securities by Issuers, who may or may not be incorporated in Barbados, that would otherwise be listed and traded on other exchanges across the world.

The ISM is structured to operate as a separate market of the BSE, a self-regulatory organization, with a separate set of rules applied to membership, trading, clearing and settlement and listing of international securities only sharing the same disciplinary/hearing processes outlined in the general Rules of the BSE. The ISM is primed to offer a breadth of financial products but will initially focus on vanilla offerings namely: equities, bonds and other fixed interest securities and investment funds – both open-ended and close-ended.

 

About the Barbados Stock Exchange (BSE)

The Barbados Stock Exchange Inc. is one of the leading stock exchanges in the Caribbean region. It is located in Barbados – a premier location globally for international business and financial services. Formerly the Securities Exchange of Barbados, the BSE was re-incorporated on August 2nd, 2001 with the passage of the Securities Act 2001-13. As a result of the Act, the Barbados Securities Commission, now the Financial Services Commission (FSC), was established. The FSC has overall regulatory responsibility for the entire Barbadian Capital markets including all Self-Regulatory Organizations (SROs), of which the BSE and its subsidiary the Barbados Central Securities Depository Inc. (BCSDI) comprise, as well as all public companies whether listed or not.

The Barbados Stock Exchange Inc. is a member of the World Federation of Exchanges (WFE) with Correspondent Status.

 

About the Barbados and the International Business Sector

Barbados is a quality destination that is trusted and well regulated, following international best practice in capital market regulation. Though small in size, Barbados enjoys a stable and well-established democracy with a long tradition of respecting the rule of law and property rights and excellent infrastructure.

Barbados is the only low tax wealth management jurisdiction in the Caribbean with a comprehensive tax treaty network. Double taxation agreements (DTAs) ensure that foreign nationals – covered under Barbados’ international tax treaty network – are exempt from withholding taxes on dividends, interest or royalties realized locally. The island has 36 DTAs already in place and awaits the ratification of an additional 6 such agreements.

Wednesday, October 12, 2016
Dividend Declarations

Sagicor Financial Corporation - Directors have declared an interim dividend of two point five (2.5) US cents per share to be paid on November 15th, 2016 to Shareholders on record at close of business on October 18th, 2016.

Wednesday, October 12, 2016
Put Through Notices

Put-through – Sagicor Asset Management Incorporated would like to announce that the put-through of 11,977 shares in Sagicor Financial Corporation Limited at $2.00 set to take place on October 17th, 2016.

Tuesday, October 11, 2016
BSE Notices

Barbados Stock Exchange Inc. Announces Its First International Securities Market (ISM) Listing Sponsor

Bridgetown, Barbados. October 7th, 2016 – The Barbados Stock Exchange Inc. (BSE) is pleased to announce that, effective September 14th, 2016, Centurion ISM Services Inc. was duly registered as a Listing Sponsor in good standing of the International Securities Market (ISM). As a Listing Sponsor, Centurion ISM Services Inc. is authorized to engage International Business Companies (IBCs), both domiciled in Barbados and abroad, which may be seeking a primary or secondary listing of securities. The Listing Sponsors primary role is to conduct the necessary due diligence on a company (Issuer) to ensure that it is fit and proper for listing on the ISM and act as liaison between the Issuer and the BSE. The Listing Sponsor is also responsible for ensuring that, once listed, the Issuer is in compliance with its continued obligations under the Rules of the ISM.

In response to the approval, Sir Trevor Carmichael, Q.C., Chairman of Centurion ISM Services Inc. noted, “Centurion is pleased to be a Listing Sponsor within the new International Securities Market platform of the Barbados Stock Exchange.  Centurion highly values this new opportunity which adds great value to international clients with diversified portfolio activity.  It is also in Centurion's view, a form of national contribution since the new ISM will surely make an important contribution in the product offerings within Barbados' international business environment."  

Managing Director of the BSE, Marlon Yarde noted, “We are pleased that Centurion ISM Services Inc. made the decision to be a Listing Sponsor of the ISM. It is in fact only fitting, as the establishment of an international trading floor in Barbados has been a passion of Sir Trevor Carmichael for many years. He was instrumental in the establishment of the ISM’s forerunner – the Exempt Trading Floor – which had limited success. The ISM we envision, will be a vibrant market supported by a cadre of highly trained and experienced practioners much like the team at Centurion ISM Services Inc. We intend to attract similar practioners locally, creating a core group of Listing Sponsors on island, that can service the needs of prospective Issuers. I must note, however, that the ISM is open to the introduction of Listing Sponsors from other jurisdictions.”

 

About the International Securities Market (ISM)

The International Securities Market (ISM) was formally launched on March 15th, 2016 at the Hilton Barbados resort. The ISM is a dedicated market for the listing and trading of securities by Issuers, who may or may not be incorporated in Barbados, that would otherwise be listed and traded on other exchanges across the world.

The ISM is structured to operate as a separate market of the BSE, a self-regulatory organization, with a separate set of rules applied to membership, trading, clearing and settlement and listing of international securities only sharing the same disciplinary/hearing processes outlined in the general Rules of the BSE. The ISM is primed to offer a breadth of financial products but will initially focus on vanilla offerings namely: equities, bonds and other fixed interest securities and investment funds – both open-ended and close-ended.

 

About the Barbados Stock Exchange (BSE)

The Barbados Stock Exchange Inc. is one of the leading stock exchanges in the Caribbean region. It is located in Barbados – a premier location globally for international business and financial services. Formerly the Securities Exchange of Barbados, the BSE was re-incorporated on August 2nd, 2001 with the passage of the Securities Act 2001-13. As a result of the Act, the Barbados Securities Commission, now the Financial Services Commission (FSC), was established. The FSC has overall regulatory responsibility for the entire Barbadian Capital markets including all Self-Regulatory Organizations (SROs), of which the BSE and its subsidiary the Barbados Central Securities Depository Inc. (BCSDI) comprise, as well as all public companies whether listed or not.

The Barbados Stock Exchange Inc. is a member of the World Federation of Exchanges (WFE) with Correspondent Status.

 

About the Barbados and the International Business Sector

Barbados is a quality destination that is trusted and well regulated, following international best practice in capital market regulation. Though small in size, Barbados enjoys a stable and well-established democracy with a long tradition of respecting the rule of law and property rights and excellent infrastructure.

Barbados is the only low tax wealth management jurisdiction in the Caribbean with a comprehensive tax treaty network. Double taxation agreements (DTAs) ensure that foreign nationals – covered under Barbados’ international tax treaty network – are exempt from withholding taxes on dividends, interest or royalties realized locally. The island has 36 DTAs already in place and awaits the ratification of an additional 6 such agreements.

Friday, October 07, 2016
BSE Notices

Goddard Enterprises Limited - Please be advised that a total of 2,117,394 Goddard Enterprises Limited Receipts were re-purchased by the company and cancelled by the Barbados Stock Exchange Inc.

Monday, October 03, 2016
Dividend Declarations

Emera Deposit Receipt - Directors have declared a cash dividend of fifty-two point two five (CDN $0.5225) cents per common share to be paid on November 15th, 2016 to Shareholders on record at close of business on November 1st, 2016. Registered holders of depositary receipts ("Depositary Receipts") issued pursuant to the Amended and Restated Deposit Agreement dated February 2nd, 2016 among Emera, the Barbados Central Securities Depository Inc. and registered and beneficial holders of depositary receipts from time to time, are entitled to receive, in proportion to the number of Depositary Receipts held by them, respectively, a distribution in the amount of any cash received by the Barbados Central Securities Depository Inc. (net of any applicable withholding taxes) in connection with the Dividend (the "Distribution").

Thursday, September 29, 2016
Put Through Notices

Put-through – Caribbean Financial Services Corporation would like to announce that the put-through of 1,039 shares in Massy Holdings Limited at $16.50 scheduled to take place on September 28th, 2016 will now take place today, September 29th, 2016.

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