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Commonwealth Bank lists preference shares on BISX

The Bahamas International Securities Exchange has announced that Commonwealth Bank Ltd has successfully completed the listing process for its Class E,J,K,L,M and N preference shares. 

Source:
Date:
Updated:
Bahamas International Securities Exchange
Wednesday, April 29, 2015
Wednesday, April 29, 2015

The Bahamas International Securities Exchange (BISX) announced today that Commonwealth Bank Limited (“CBL”) has successfully completed the listing process for its Class E,J,K,L,M and N Preference Shares (The Preference Shares). The Shares have been added to the roster of securities listed on the Exchange and will trade through the BISX Automated Trading System (BATS). Each tranche of Preference Shares will trade separately and independently on the Exchange under its own symbol. The Symbols are listed below:


Commonwealth Bank Limited Class E Preferred Shares – CBLE
Commonwealth Bank Limited Class E Preferred Shares – CBLJ
Commonwealth Bank Limited Class E Preferred Shares – CBLK
Commonwealth Bank Limited Class E Preferred Shares – CBLL
Commonwealth Bank Limited Class E Preferred Shares – CBLM
Commonwealth Bank Limited Class E Preferred Shares – CBLN

These Preference shares become the 6th preference share issue to be listed on the Exchange. However this is the first instance that BISX has had 6 tranches of Preference Shares listed at once. This brings the total number of preference shares listed on the Exchange to 11 and the total number of secondary issues to 15. Eligible secondary Issues include any security issued by a public company that is already listed on the Exchange. Included in the secondary listing category are corporate bonds, warrants and preference shares.

Commonwealth Bank’s Chairman, Mr. William Sands Jr. was enthusiastic in completing the Share Listing. “With these listings, we have now listed all our equity instruments on BISX, giving our current and future shareholders easy access to buy and sell the company’s shares”. He added “Ever since our initial Common Share listing in 2000, we have supported the development of the Bahamas Capital Markets. The Preference Share listing complements our Common Share listing so that investors have a choice of equity or fixed interest instruments.”

This is an excerpt from Bahamas International Securities Exchange as it appeared on April 29, 2015. For updates or to read the current version of this post in its entirety, please click here.

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