Delayed Opening Of Trading In BF&M Shares
[Updated] Following the company’s announcement yesterday they “initiated a review of strategic alternatives” which “may include the sale of the Company,” the Bermuda Stock Exchange [BSX] delayed opening of trading in BF&M Limited’s shares.
The statement said, “BF&M Limited announced yesterday that following discussions with its principal shareholder, the Board of Directors [the “Board”] had initiated a review of strategic alternatives [the “Strategic Review”] to maximize shareholder value and which may include the sale of the Company.
“Accordingly, the BSX has delayed opening of trading in BF&M Limited’s shares until 11:00hrs Bermuda time on Thursday, 30 June, 2022 to allow shareholders and the market the necessary time to absorb the announcement.
Update 11.12am: A spokesperson said, “The Bermuda stock Exchange announces the resumption of trading of BF&M Limited’s common shares, BSX Ticker: BFM.BH, common shares effective 11:00a.m., 30 June, 2022.”
