<- Back to news
07.09.2007
AMCL Holdings Extends BS & T Offer

AMCL HOLDINGS LIMITED


NOTICE OF AMENDED OFFER TO PURCHASE
any and all of the outstanding Ordinary Shares of


THE BARBADOS SHIPPING & TRADING COMPANY LIMITED


 


AMCL Holdings Limited, a wholly-owned subsidiary and affiliate of ANSA McAL Limited, hereby advises that effective as at 9:00 a.m. this 5th day of September, 2007, it further amends its original offer dated July 16, 2007 to purchase any and all of the outstanding Ordinary Shares of The Barbados Shipping & Trading Company Limited (“BS&T”), as amended and supplemented in the Notice of Change and Variation issued on August 21, 2007 (the “First Notice of Variation”) , by extending the time for acceptance of the Offer to purchase any and all of the issued and outstanding Ordinary Shares of BS&T at a cash price of BDS$8.00 (US$4.00) per Ordinary Share.


The further amended offer will be open for acceptance until 5:00 p.m. (Barbados time) on September 21, 2007, unless withdrawn or further extended by the Offeror.


The further amendment to the offer by extending the time for acceptance of the Offer is made pursuant to Section 6 of the original offer, as amended and restated in Section 5 of the terms of amended offer contained in the First Notice of Variation , and in accordance with By-laws 14(4) and 29 of the Securities Industry (Take-Over)  By-Laws of the laws of Trinidad and Tobago and the Securities Act and Take-Over Bid Regulations of the laws of Barbados.


A Notice of Variation (the “Second Notice of Variation”) containing the details of the further amended offer, will be mailed to all registered shareholders of BS&T.


The further amended offer will be subject to the conditions stated in the original offer, as amended and restated in the First Notice of Variation.  The Offeror does not waive any of the conditions stated in the original offer, as amended and restated in the First Notice of Variation.


Shareholders are advised that except as amended, varied or supplemented as set forth in the Second Notice of Variation, the terms and conditions stated in the Offer and Circular dated July 16, 2007, containing the terms of the original offer, as amended by the First Notice of Variation, will continue to be applicable in all respects, and the Second Notice of Variation should be read in conjunction with the Offer and Circular (as amended), issued in connection with the original offer. 


Any questions and requests for assistance may be directed by Shareholders
to the Dealer Manager or to AMCL Holdings Limited at their respective addresses below:










Royal Bank of Canada  (Investment & Trust Services Department)


P.O. Box 68, Broad Street,


Bridgetown, Barbados


 


Attention: Mrs. Maureen Chung


 


Tel: (246) 467-4140 to (246) 467-4145
Fax: (246) 427-8393 or (246) 426-4139


 


 


AMCL Holdings Limited


Wildey


St. Michael, Barbados


 


Attention: Mr. David Inglefield –  President


 


Tel: 246 434 2900


Fax: 246 228 1619

Important releases
The ANSA McAL Foundation Delivers On Its Promise To The Region See details ->
InTouch Edition 04 – Give It Your Best Shot See details ->