Tax-News.Com Archive

Sponsored by: PEARSE TRUST
Independent advice on corporate and trust structures

ARCHIVE ROOT | TODAY'S NEWS | LOWTAX

Cable And Wireless Lists On ECSE
by Amanda Banks, Tax-News.com, London

07 February 2008

Cable and Wireless St Kitts and Nevis Limited, has become the eleventh equity to be listed on the Eastern Caribbean Securities Exchange (ECSE).

At a listing ceremony held at the Sir Cecil Jacobs Auditorium in the ECCB Headquarters on 30th January, representatives of the company’s Board and Management, and a wide cross-section of its shareholders and staff, joined officials of the ECSE and the Eastern Caribbean Securities Regulatory Commission, the ECCB, and specially invited guests and the media to mark the occasion.

“After 7 years of courtship, the marriage has finally taken place,” remarked General Manager of the ECSE, Trevor Blake, at the listing ceremony.

Last week's listing was the first by a C&W business in the region, but John Boyles, Chairman of C&WSKN, believes that other C&W operations in the Eastern Caribbean could now follow suit and list on the Exchange.

“Today’s listing on the Eastern Caribbean Securities Exchange is both historic and unique as it represents not only the first listing of a Cable & Wireless business in the Eastern Caribbean, but the listing of the only Cable & Wireless business with public shareholding in the Eastern Caribbean," he observed.

The shares of the company, which are trading under the symbol CWKN, have been available for trading on the market since Thursday 31st January. A copy of the company’s research report, and an assessment of its operations and financial performance prepared by the Bank of St Lucia Ltd, has been placed on the ECSE’s website, and can also be obtained from licensed broker-dealers in the ECSE’s intermediaries network.

A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, trusts and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp

 


IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.