NCB Financial Group Limited (NCBFG) has advised that on December 7, 2017 the Board of Directors of the Company approved a resolution to facilitate the making of an offer (the Offer) through its wholly owned subsidiary, NCB Global Holdings Limited (the Offeror) to purchase up to Seventy-Four Million Two Hundred and Thirty Thousand Seven Hundred and Fifty (74,230,750) ordinary shares in Guardian Holdings Limited (GHL), a company incorporated in the Republic of Trinidad & Tobago on the basis of US$2.35 per ordinary share in GHL. The Offer, if successful would result in NCBFG acquiring a controlling interest in GHL. Full acceptance of the offer will result in a purchase consideration of US$174,442,262.5 to be funded by NCBFG.
The terms of the Offer will be set out in an Offering Bid Circular and is intended to be made available on December 8, 2017, to all shareholders of GHL. The Offer is being made subject to any regulatory and other approvals required in Trinidad & Tobago, Jamaica and other countries in which GHL and/or its subsidiaries are regulated
