KeyTech preferred shares converted

KeyTech Limited yesterday advised the Bermuda Stock Exchange that during its fiscal year ending March 31, holders of 1,637 preferred shares chose to convert their preferred shares to common shares and as a consequence 1,637 common shares were issued.

Subsequent to March 31, holders of 1,013,294 have chosen to convert their preferred shares to common shares.

Lister resigns from BAS board

Bermuda Aviation Services yesterday advised the Bermuda Stock Exchange that Terry Lister resigned from the company's board of directors effective January 17. BAS this week said its financial results for the year ending March 31 was the second best in the company's history with consolidated revenues climbing to $19.5 million.

BSX approves Montpelier listing

The listing committee of the Bermuda Stock Exchange (BSX) last night announced the approval of up to 73,526,150 common shares of Montpelier Re Holdings Ltd.

Montpelier Re Holdings was among the wave of insurers formed in Bermuda after the September 11, 2001 terrorist attacks and was incorporated on November 14, 2001. Its common shares began trading on the New York Stock Exchange on October 10, 2002.

The BSX listing is a secondary one and is effective from May 6.

Montpelier Re Holdings is the holding company of Montpelier Reinsurance Ltd. Its listing was sponsored by LOM Capital Ltd.

Carruthers appointed director of LOM funds

David Carruthers was appointed director for the LOM Equity Fund Ltd., LOM Money Market Fund Limited, LOM Fixed Income Fund Limited and the LOM Balanced Fund Ltd., effective June 4.