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Hamilton, Bermuda – 8 November 2023 – In a filing with the Bermuda Stock Exchange West Hamilton Holdings Limited (the “Company”) (Ticker: WHHL.BH) a BSX listed property investment and management company, is pleased to announce that further to the Company’s announcement on March 14, 2023, all of the conditions relating to the agreement and plan of merger with PRINCESS WEST LIMITED have been fulfilled. As such the sale of 69 and 71 Pitts Bay Road, valued at $23.0 million, is scheduled to be completed on November 14, 2023.

 

The proceeds from the sale of 69 and 71 Pitts Bay Road will be used to repay debt and return cash to shareholders. As such the Board of Directors is pleased to announce that a total dividend of $6.75 per share (comprising the normal annual dividend of $0.50 per share and a $6.25 special dividend per share) will be paid to shareholders as at the record date of November 16, 2023.

 

 

Media Contacts:

 

Harrichand Sukdeo                                                      

Director                                               

West Hamilton Limited  

Tel: 295-5985                                       

Email: harrys@westhamilton.bm                                                

                                               

           

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