Stevedoring reorganises into parent company – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

Stevedoring reorganises into parent company

Stevedoring Services Ltd has been delisted from the Bermuda Stock Exchange (BSX) as part of a restructuring of the business that will also see it come under the parent company of Polaris Holding Company Ltd.

A scheme of arrangement formalising the move was agreed by the shareholders of Stevedoring Services on Wednesday, March 16, 2011 and was sanctioned by the Supreme Court on Friday, March 25, 2011.

As a result of the reorganisation, trading in shares of Stevedoring Services on the BSX have been ceased and its listing has been cancelled. The common shares of Polaris Holding Company have been approved for listing on the BSX effective at the market opening yesterday.

Shareholders of Stevedoring Services will have their shares converted into Polaris Holding Company stock of the same quantity and value.

You must be Registered or to post comment or to vote.

Published March 29, 2011 at 10:30 am (Updated March 29, 2011 at 10:29 am)

Stevedoring reorganises into parent company

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon