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Hamilton, Bermuda:  23^rd, March 2022 – In a filing with the Bermuda Stock Exchange Caribbean Investment Holdings Limited. (the "Company”; Ticker: CIHL.BH) announces Purchase of Property Portfolio. The full filing stated:

 

 

CARIBBEAN INVESTMENT HOLDINGS LIMITED ANNOUNCES PURCHASE OF PROPERTY PORTFOLIO

 

 

March 22, 2022 – Caribbean Investment Holdings Limited (Bermuda – CIHL) (the “Company” or “CIHL”) announces that it has acquired a portfolio of properties from its majority shareholder, Lord Ashcroft, for a total consideration of US$20,456,500.  The consideration paid by the Company to Lord Ashcroft for the acquisition is comprised of a US$56,500 cash payment and the issuance of US$20,400,000 Fixed Rate 3 Per Cent Unsecured Loan Notes.

 

The Board believes that the acquisition of the portfolio will be commercially beneficial to the Company going forward.

 

For further information contact:

 

Caribbean Investment Holdings Limited

 

UK                                           +44 (0)207 248 6700

Belize                                      +501 227 7178

 

 

Note: This and other press releases are available at the Company's website: http://www.cihltd.co.

 

Background Information

 

Caribbean Investment Holdings Limited (CIHL) is a parent holding company with no independent business operations or assets other than its investments in its subsidiaries, intercompany balances and holdings of cash and cash equivalents. CIHL's businesses are conducted through its subsidiaries. The Belize Bank Limited (BBL) is incorporated and based in Belize and focuses on the provision of financial services and lending to domestic clients. Belize Bank International Limited is incorporated and based in Belize

 

and focuses on the provision of financial services and lending to international clients. CIHL also owns an international corporate services business based in Belize, which operates as Belize Corporate Services Limited. Within Belize, BBL is the largest, full service commercial and retail banking operation with branches extended into each of the six districts of Belize. The principal operations of the banks are commercial lending, consumer lending, deposit taking and related banking activities.

 

 

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

 

Established in 1971 the Bermuda Stock Exchange (BSX) is now 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, recognised by the US SEC as a Designated Offshore Securities Market, is a member of the World Federation of Exchanges and is located in an O.E.C.D. member nation. The BSX has Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; Recognised Stock Exchange by the UK HM Revenue and Customs; Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.