Btl Sharings In Belize

BTL Shares on Current Standing Belize Telemedia Limited shut outd their oblation of shares on January 31, 2011. The Court of Appeals ruling is still in unfinished on whether the government should own 95% of the company into the interchange establishment hands, which is challenging the constitutionality. In the Amandala Newspaper, the Financial Secretary has show 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 loving security measure add-in had purchased shares that is worth BZ$50 million dollars which gives them 20% stake and couple directors on the board of BTL. From October 15, 2010, shares were offered at $5 each to the everyday yet in blocks of 100 shares. The Financial Secretary has stated that no strategic investor has purchased shares in BTL to date. Minister Dean barrowful had indicated last October, that if this round of offering did not yield a good enough respond, he does intend to open another(prenominal) cosmos 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 pick out for the purchase. Over the risk of the investment, Prime Minister garden pull had commenced to set aside the proceeds from the sale. However, only if the court rules opposite to his expectation and does not uphold the nationalization, which would mean that, the shares would have to be returned to the former owners. There fore, the Government won in the Supreme Cour! t, simply 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, range it on our website: BestEssayCheap.com

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