CLSA Financial Products has announced a certificate issuance increase for one of a number of certificates issued under its $7.5 billion Asian Securities Programme on the Bermuda Stock Exchange.

The certificates in respect of shares in the Indian-listed company Grasim Industries, due on June 28 2010, have been increased by the further issuance of 70,000 RegS certificates effective from the end of August. The new total size of the RegS portion of these certificates now stands at 200,000 certificates.

Meanwhile certificates for shares in fellow Indian-listed company State Bank of India, due on May 13 2010, have been increased by the further issuance of 20,000 144A certificates effective of September 3. The new total size of the 144A Portion of these certificates now stands at 13,800,000 certificates.

CLSA have also increased certificates in shares in the Reliance Communication Ventures, due on February 24 2011, by the further issuance of 200,000 RegS Certificates effective on September 4 2007. The new total size of the RegS Portion is currently 2,650,000 certificates.

The Bermuda Stock Exchange has been advised that during August 2007, on a post split basis, the Butterfield Bank bought 498,570 shares at an average price of $21.10, which will be used to satisfy the bank's obligations for the Officers' and Employees stock option plans.

West Hamilton Holdings has announced that the directors and all regulatory agencies approved the reorganisation of the group, including the issuance of shares to shareholders.

A "scheme of arrangement" approved by members of WHL at a special general meeting held on June 27 gives effect to the conversion of the capital of the WHL from $5 par value to $1 par value issued to members of the company today.

On the effective date of the conversion today, the shares of WHL will be cancelled and also be delisted from the BSX.

The new shares of West Hamilton Holdings Limited will be listed on the BSX on the effective date and will begin trading on September 10.

It is anticipated that the new shares will commence trading at a conversion adjusted price equivalent to 20 percent of the closing price of WHL just prior to the date its shares were delisted.