KeyTech shareholders set for a windfall if offer from Cable & Wireless is accepted
Individuals from all sections of the community are in line for a potential windfall from the $205 million bid by Cable & Wireless to acquire KeyTech.
The share registry of KeyTech reveals that individuals and local companies could substantially benefit from the proposal for each of the 12 million KeyTech shares valued at $17.
Last week KeyTech offered a 1 for 10 share dividend. The share registry was reviewed by The Royal Gazette before the share dividend was offered and it is likely that all of these holdings would have increased by 10 percent because of the 1 for 10 share dividend that took effect from Monday. Argus Group Holdings through its ownership of the Bermuda Life Insurance Company has a considerably large holding in KeyTech which could play a critical role in deciding the outcome of a shareholders vote to accept an offer from Cable & Wireless.
The following is a list of some Bermudian individuals and companies with some of the largest holdings listed in the registry:
Bermuda Life Insurance Company Limited: 880,519
Edgar Wilkinson: 168,884
BF&M Pension Scheme: 153,238
ER (Bermuda) Limited: 120,000
Estate of Thaddeus P Trott: 110,110
BF&M Life Insurance Company: 99,728
BF&M Pension Scheme: 153,238
Janet Outerbridge: 94,218
Anthony Carlyle Brewer: 70,228
Fernance Perry: 56,464
Halney Limited William M Kempe Trust: 48,412
Helen M. Swainson: 43,803
Gosling Brothers Limited: 38,408
Ronald Gillan: 44,614
Pamela Gordon: 21,978
The Church Vestry of St. George's Parish: 21,058
John Barritt: 11,509
The Walker Arcade Company Limited: 11,079
Ashfield De Vent: 10,027
Barbara Winifred Frith: 20,777
(Bermudian) number of shareholders: Bermudian: 992
(Bermudian) number of shares: 7,667,960
Non-Bermudian:
Cotswald Foundation TR: 68,217
11th Generation LP: 124,339
Andrew B Hamilton F/B/O MH Morris: 18,392
Helen H Hamilton Trust F/B/O MH Morris: 20,328
Nancy Gayle Keating: 12,928
Christopher B Blatcher: 11,259
BSD Nominee Limited (non-Bermudian): 3,172,301
Ben Fong: 19,325
I Wistar Morris III: 186,794
I Wistar Jr. Trust: 21,296
Palmar Limited: 133,046
Rubicon Holdings Limited: 11,050
Sun Life of Assurance Canada: 99,064
Beryl Whin Yates and or Diana Lynn St. John: 61,882
Josef William Wilke: 160,600
Aina Ellinor Wilkinson: 45,138
(Non-Bermudian) number of shareholders: 90
(Non-Bermudian) number of shares: 4,368,994
Total shareholders: 1,082
Total number of shares: 12,036,954