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HAMILTON, Bermuda – 10 March, 2021 – Veritas Group Limited (“Veritas” or the“Company”) (BSX:VERI.BH) has confirmed that the Company’s former CFO, Mr. Shibu Abraham and former CEO, Mr. Mudai Nanagawa returned all of the 25,000,000 outstanding preferred shares that were issued to them as per their respective resignation letters dated 19 September, 2020.

 

These convertible preferred shares have been cancelled by the Company.

 

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For more information on the Bermuda Stock Exchange (BSX), contact James McKirdy at 1-441-292-7212 or jmckirdy@bsx.com. Information is also available at www.bsx.com and on Bloomberg at BSX.

 

Established in 1971 the Bermuda Stock Exchange (BSX) is the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

 

The BSX is a full member of the World Federation of Exchanges (WFE) and is in an O.E.C.D. member nation and an affiliate member of IOSCO. The BSX is recognised by the US SEC as a Designated Offshore Securities Market. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange; and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules; and Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.