Polaris Holding Company Share Repurchase
In a filing with the Bermuda Stock Exchange [BSX], Polaris Holding Company Limited advised that shares were repurchased.
The filing stated; “Please note that, pursuant to an Amalgamation Agreement dated 14 March 2019, between the Company, Duck’s Puddle Properties Ltd. [DPPL] and the other parties as set forth therein [the “Amalgamation Agreement”], the Company was obligated to purchase from DPPL the Hold-Back Shares [as defined in the Amalgamation Agreement] on 14 March 2020, or such earlier date as the parties may determine.
“On 13 March 2020, the Company purchased from DPPL the Hold-Back Shares, being 46,154 common shares of the Company for a purchase price of BD$300,000 and such purchased shares have been cancelled by the Company.”
