West Hamilton: Agreement & Plan Of Merger
West Hamilton Holdings Limited has “entered into an agreement and plan of merger with Princess West Limited which will result in the sale of 69 and 71 Pitts Bay Road, representing approximately 86 percent of the Company’s property assets.
The filing said, “In a filing with the Bermuda Stock Exchange West Hamilton Holdings Limited, is pleased to announce the following: West Hamilton Holdings Limited, a BSX listed property investment and management company, is pleased to announce that the Company has entered into an agreement and plan of merger with Princess West Limited which will result in the sale of 69 and 71 Pitts Bay Road, representing approximately 86 percent of the Company’s property assets. Completion of the transaction is subject to several conditions including Governmental approvals.”
Michael Collier, Chairman of The Parent Company, commented: “I am pleased to announce that we have entered into an agreement which will result in the divesture of a significant portion of the Company’s property assets. We will update shareholders with full details of this merger once the necessary Government approvals have been received and the transaction has completed.”
