The Listing Committee of the Bermuda Stock Exchange (BSX) announced the approval of the listing of Common Shares of Codrington Partners Ltd. for qualified investors yesterday.

Codrington Partners is an investor in intellectual property and aims to license acquired technology mainly to the financial services industry in exchange for transaction fees. First Bermuda Group Limited sponsored the listing of the shares of Codrington Partners.

James McKirdy, chief compliance officer of the BSX said: "We are delighted to welcome Codrington Partners to the Official List of the BSX and to the BSX Mezzanine Market. The BSX Mezzanine Market offers growing e-commerce, high tech and development stage companies the opportunity to list on a recognised international stock exchange."

"The BSX is the ideal venue for our company given the premier institutional reputation of Bermuda world-wide. The quotation on a fully electronic recognised stock exchange strongly appealed to our investors and the BSX marries perfectly to our corporate financing objectives," said Mike Muscato, chairman and CEO of Codrington Partners Ltd.