Argus And BF&M Have Successfully Merged
Argus and BF&M announced the “successful completion of the transaction to combine Argus with BF&M.”
Argus Statement
A spokesperson said, “We are excited to announce the successful completion of the transaction to combine Argus with BF&M. Beginning today, Argus and BF&M will move forward together as one company. The combination provides a compelling opportunity to create a stronger, more efficient and more diversified group – and one that is better placed for future strategic initiatives, sustainable growth and to pay an attractive dividend to shareholders.
“As part of the amalgamation, you have received 0.251 BF&M shares for every one Argus share that you held. Your shares in Argus have been cancelled, and Argus has been delisted from the BSX. However, you can now trade your new BF&M shares instead.
“We are working on unifying the operations of Argus and BF&M under a new name and brand – in due course your new BF&M Limited shares will be renamed accordingly. However, for the time being, your shareholding will retain the BF&M Limited name. On the following pages, you will find important information to guide you as a new shareholder in BF&M Limited.
“Should you have any further questions, please don’t hesitate to contact Shareholder Services at shareholder@bfm.bm or visit www.bfm.bm/shareholderservices. We value your ongoing trust and support as we embark on this transformative journey together.”
BF&M Statement
A spokesperson said, “Dear BF&M Shareholders,
“We are excited to announce the successful completion of the transaction to combine BF&M and Argus. Beginning today, we move forward together, positioned to deliver better outcomes for our customers, shareholders and the communities we serve.
“The amalgamation combines the strengths and expertise of both companies, resulting in a diversified portfolio of insurance products with an expanded market reach. We are well positioned with a strong financial position to innovate for our customers, invest in future growth, and create value for our shareholders over the longterm.
“There will be no changes to your shareholding as a result of the transaction close. Your shares will continue to exist under BF&M as we work towards unifying our operations under a new name and brand.
Should you have any further questions, please don’t hesitate to contact Shareholder Services at shareholder@bfm.bm.
“We greatly value your ongoing trust and support as we embark on this transformative journey together.”
