Trading summary for week ended January 17, 2014

WEEKLY BULLETIN for week ended January 17, 2014

ANSA Merchant Bank Limited 09.11.14
ANSA Merchant Bank Limited (AMBL) has informed the Stock Exchange of the appointment of Mr Alan Sadler as Director of Finance, effective January 2, 2014.

Neal & Massy Limited – 08.01.14
Neal & Massy Holdings Limited (NML) has informed the Stock Exchange that on December 30, 2013, the group purchased an additional 42.708 per cent stake in Neal & Massy Gas Products Limited (NMGPL) from its former joint venture partner, Air Liquide International, SA, to attain a 100 per cent controlling interest in NMGPL.

Prior to the acquisition NML owned a 57.292 per cent stake in NMGPL. NMGPL owns a 100 per cent stake in Industrial Gases Limited (IGL) and this acquisition now renders IGL a fully owned subsidiary of the Neal & Massy group.

Based on NML’s and IGL’s results as at September 30, 2013, the acquisition would have improved the earnings attributable to the owners of the Parent by approximately twenty-two million, six hundred and forty-five thousand dollars ($22.645 million) and the Group’s Earnings Per Share (EPS) by approximately twenty-three cents ($0.23).

Neal & Massy Limited – 08.01.14
Neal & Massy Holdings Limited (NML) has informed the Stock Exchange of an acquisition of an additional 63.3 per cent stake in Gablewoods Supermart Limited (Gablewoods) on December 31, 2013. Prior to the acquisition the company owned 36.7 per cent of Gablewoods, a Company registered in St Lucia.

Gablewoods holds a 60 per cent interest in Consolidated Foods Ltd whose principal activity is the operation of supermarket chains in both St Lucia and St Vincent. NML entered into the sale agreement with the shareholders of Gablewoods to acquire 100 per cent controlling interest, through the acquisition of 63.3 per cent of Gablewoods’ share capital.

Trinidad & Tobago Stock Exchange Limited (TTSE)
On July 11, 2013 the Board of the Trinidad and Tobago Stock Exchange (the Exchange) approved the de-listing of BCB Holdings Limited (BCBTT) subsequent to which the Exchange submitted an application to the Trinidad and Tobago Securities and Exchange Commission to have BCBTT de-listed. In light of this trading in BCBTT has been suspended with effect from Monday, July 22, 2013.