previously recommended by the company's board.

Trading in the company's shares was suspended on Friday after shareholders approved the reorganisation which creates a holding company called KeyTech Ltd.

Operating entity BTC has become a subsidiary of KeyTech, which also holds Logic Communications. The board of directors recommended a change to the corporate structure to position the company for possible future acquisitions.

"The board is quite pleased that the shareholders recognised and supported this strategic move,'' BTC chairman Dr. James King stated in a Press release yesterday. "We have enhanced our flexibility to compete and positioned ourselves to be proactive in this rapidly changing environment.'' BTC deputy chairman Cummings Zuill had previously said while no acquisitions were planned at the moment, the board saw the need for a holding company structure during the purchase of Internet provider Logic Communications.

KeyTech Ltd. will be listed and traded on the BSX from today.