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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