FIRSTCARIBBEAN International Bank Limited (formerly CIBC West Indies Holdings Limited) has announced that the closing date for the 5 for 12 Rights Issue has been extended from November 25, 2002 to December 9, 2002.As part of the combination of CIBC West Indies Holdings Limited and the Caribbean operations of Barclays Bank PLC, FirstCaribbean has undertaken a 5 for 12 Rights Issue to allow qualifying shareholders to subscribe to new shares at US$1.05 each, with the aim of increasing the minority ownership of the company.
The issue timetable is therefore amended as follows:
Last date for acceptance and payment in full: December 9, 2002
Posting of the notice re: Allocation of New Shares (including Excess Shares) and definitive share certificates for New Shares: December 23, 2002
Dealings in New Shares commence: December 27, 2002
FirstCaribbean advises that shareholders or individuals that may have any questions or concerns with respect to the issue, should contact the Registrar and Transfer Agent, FirstCaribbean International Trust And Merchant Bank (Barbados) Limited, at (246) 367-2441.
Completed subscription documents and payments may be returned to any branch of FirstCaribbean International Bank, Barita Investment Limited, Edward Gayle & Company Limited, Capital & Credit Securities Limited, First Global Stockbrokers Limited, JMMB Securities Limited, Paul Chen Young & Company Limited, Mayberry Investments Limited, M-VL Stockbrokers Limited, or Victoria Mutual Wealth Management.
ABOUT FIRSTCARIBBEAN INTERNATIONAL BANK
FirstCaribbean is a result of the combination of two complementary and leading financial services businesses in the Caribbean - CIBC West Indies Holdings Limited and Barclays Bank PLC - with the aim of offering its customers enhanced products and improved and extended access to banking services. FirstCaribbean will focus on the needs of the businesses and people of the Caribbean while delivering the global reach of its founding institutions. FirstCaribbean is expected to be one of the largest locally listed banks in the Caribbean based on market capitalisation, with over US$9.5 billion in asset, and over 700,000 accounts.
More information about FirstCaribbean can be found at www.firstcaribbeanbank.com.
