Bermuda National Share Repurchase Program
Bermuda National Limited [BNL] has introduced a Share Repurchase Programme. The Programme will enable BNL to repurchase, at its discretion, up to 100,000 common shares at market prices on the Bermuda Stock Exchange.
The Bermuda Stock Exchange said that repurchases made via the Programme may commence on Wednesday, 02 October, 2013.
Bermuda National Limited is a listed exempt financial services investment holding company whose major assets include its 100% owned subsidiary, Bermuda Commercial Bank Limited, one of Bermuda’s four licensed banks and a 62.5% holding in J O Hambro Investment Management Limited, a UK wealth manager with $6.0 billion assets under management.
The Group’s other investments include an economic interest of 66% in the London Stock Exchange listed Private & Commercial Finance Group PLC, a UK asset financing company, comprising a 29.3% equity interest and interests in convertible loan notes and a 46.1% stake in Westhouse Holdings PLC, a corporate and institutional stockbroking group. BNL’s shares are publicly traded and listed on the Bermuda Stock Exchange.
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