The Bermuda Stock Exchange yesterday announced that the common shares of S.A.L. Ltd. were now 'depository eligible' for the Bermuda Securities Depository (BSD).

This means that effective immediately, anyone holding SAL shares may enter their holdings into the BSD through a BSD participant. BSD participants include BSX trading members, banks, custodians and other providers of nominee account services.

As of today, SAL shares that have been entered into the BSD system will be available for trading on the BSX. This means that anyone wishing to sell SAL shares on or after this date will be required to deposit those shares into the BSD before initiating a sell order.