Btl Sharings In Belize

BTL Shares on Current Standing Belize Telemedia Limited goald their whirl of shares on January 31, 2011. The Court of Appeals ruling is still in pending on whether the government should own 95% of the company into the commutation establishment hands, which is challenging the constitutionality. In the Amandala Newspaper, the Financial Secretary has think that up to the middle of last week, 477 individuals and entities had purchased 11,243,240 shares for BZ$56,216,200. Last year, the genial security system add-in had purchased shares that is worth BZ$50 million dollars which gives them 20% stake and coupling directors on the board of BTL. From October 15, 2010, shares were offered at $5 each to the habitual yet in blocks of 100 shares. The Financial Secretary has verbalise that no strategic investor has purchased shares in BTL to date. Minister Dean wheelbarrow had indicated last October, that if this round of offering did not yield a good enough respond, he does intend to open another(prenominal) human beings offering of shares.

The pending constitutional claim was advance as a concerned by the unions and the private heavens when the Social Security Board was considering an investment in Telemedia. Without the adulation of these, the directors of SSB carried the balloting for the purchase. Over the risk of the investment, Prime Minister garden drop behind had commenced to set aside the proceeds from the sale. However, only if the court rules inverse to his expectation and does not uphold the nationalization, which would mean that, the shares would have to be returned to t he former owners. Therefore, the Government ! won in the Supreme Court, notwithstanding the former owners of BTL appealed. With this, Government will be left with close to 73% of BTL.If you want to get a full essay, set up it on our website: OrderCustomPaper.com

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