KFC Bermuda to delist in October – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

KFC Bermuda to delist in October

Kentucky Fried Chicken (Bermuda) Ltd (KFC) has confirmed its delisting and last day of trading on the Bermuda Stock Exchange (BSX).

Further to KFC's announcement of its intention to delist on July 15, 2011, the BSX has advised that the delist date has been set for Wednesday October 12, 2011.

The final day of trading will be Friday October 7, 2011, in order to accommodate the settlement of any out-standing trades in the company's shares.

Eighty one percent of KFC's shareholders voted in favour of delisting at the company's annual general meeting (AGM) held last month.

KFC Bermuda first announced its intention to delist in November 2009, having initially said the previous May that it was considering the move due to the increasing costs associated with being a publicly-listed company.

At the time, chairman Donald Lines said in his letter to shareholders that the company believed it was in the best interests of its shareholders to delist from the BSX, but added that insufficient shareholders were represented at its AGM in May 2009 to support the resolution in favour of the move.

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

Published August 17, 2011 at 10:45 am (Updated August 17, 2011 at 10:44 am)

KFC Bermuda to delist in October

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