NCB Financial Group Limited announces launch of take-over bid to acquire majority stake in Guardian Holdings Limited
NCBFG today announced that it launched through its wholly-owned subsidiary, NCB Global Holdings Limited (‘NCB Global Holdings’), an offer and take-over bid (the ‘Offer’) to all shareholders of GHL, a publicly-traded company incorporated in Trinidad and Tobago, to acquire up to 74,230,750 ordinary shares in GHL (the ‘GHL Shares’) for US$2.35 per GHL Share. The Offer, if successful, would result in NCBFG acquiring a controlling interest in GHL. Unless extended, the Offer period will close on January 12, 2018. Full acceptance of the Offer would result in a cash payment by NCBFG of the sum of up to approximately US$174,442,262.00 to the shareholders of GHL who accept the Offer.
The Offer will be conditional upon NCBFG acquiring control of GHL and obtaining regulatory and other approvals required to acquire the GHL Shares in Trinidad and Tobago, Jamaica as well as all other jurisdictions in which GHL and its subsidiaries are regulated.BM