This page provides Regulatory news filings submitted by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

Hamilton, Bermuda – 25 October 2022 – Benson Securities Limited (the “Company”) has advised the Bermuda Stock Exchange (the “BSX) of an amendment to the BSX listed unsecured redeemable loan notes and deferral of interest payments. The full filing stated;

 

Notification in respect of the GBP 9,775,000 8 per cent. Unsecured Series 1 Loan Notes due 2033 (the “Notes”) issued by  Benson Securities Limited (the “Company”)

 

In accordance with regulations 6.6 and 6.7 of chapter 6 of Section IIIB of the BSX Listing Regulations, we are writing to notify the BSX of the Company’s decision to:

 

(i)         waive any event of default arising as a result of the Company failing to make payment of deferred interest in respect of the Notes due on 30 April 2022; and

 

(ii)         defer the payment of interest in respect of the Notes until 31 August 2033.

 

Such decisions were approved by a unanimous written resolution of the Board of the Company passed on 17 October 2022.

 

The Company has taken such action in response to the COVID-19 outbreak.

  

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