CABLE BAHAMAS LTD. PROVIDES EARLY REDEMPTION USD PREFERENCE SHARE SERIES 8,10,& 12
Cable Bahamas Ltd. Notifies Preference Shareholders of Early Redemption Rights
Pursuant to Section 99 of the Securities Industry Act, 2011, Cable Bahamas Ltd. (CBL) hereby notifies all Preference Shareholders of record of its intention to exercise its early redemption rights effective 30th September 2020 for its United States Dollar currency Series 8, 10 & 12 Preference Shares.
CBL confirms that it will waive the ninety (90) day advanced written notice requirement and will in lieu of same pay interest for the ninety (90) day period through to 30th December 2020.
CBL also confirmed that notices have been forwarded to all Financial Compliance authorities and Brokerage Houses.
Founded in March 1995, CBL Group has grown from a cable TV service provider to become the first communications provider in The Bahamas to offer ‘triple play’ service. Today, the 100% Bahamian owned company is publicly listed on BISX with over 3,000 Bahamian shareholders. The network is comprised of 14 free-to-air broadcast systems, eight stand-alone cable TV systems and four triple play systems networked by submarine fibre. CBL Group is the only 100% Bahamian owned communications provider, delivering residential and corporate broadband internet, cable television and fixed line calling, to 99% of the Bahamian population, 24 hours a day, 365 days a year.