The Board of Directors of FirstCarribbean International Bank (Ja.) Ltd. has on September 6, 2004 decided that the Bank should sell all its holding of 12,500,000 ordinary shares in FirstCaribbean International Securities Ltd to FirstCaribbean International Bank (Barbados) Ltd for a purchase price of J$ 250,000,000.00 that is, J$ 20.00 per share payable in cash.
The Bank is to enter into an agreement for the sale of the shares with FistCaribbean International Bank (Barbados) Ltd. The sale will allow FirstCaribbean International Securities Ltd tobe 100% owned by Firstcaribbean International Bank (Barbados) Ltd.
