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AHHHHHH....THAT'S WHY THE SILENCE!!! |
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SALE OF CABLE AND WIRELESS SHARES EXTENDED TO JUNE 30, 2008
St. George, June 2, 2008 -- The public may recall that the period for the sale of Cable & Wireless shares expired on May 06, 2008. At that time, Grenadians at home and abroad purchased seven hundred and seventy five thousand, four hundred and ninety (775, 490) shares for a total of $9.7 million dollars.
This represents 19.39% of the initial 4,000,000 share offering, and may be broken down as follows:
Grenadians at home - 741, 220 shares
Grenadians abroad - 34, 270 shares
Government congratulates the new shareholders and is now working with
Cable & Wireless Grenada to transfer these shares. The new
shareholders will be notified when this process is completed.
As an incentive, Government has agreed to provide a bonus of 10 shares
for every 50 shares purchased by May 06, 2008. This means persons who
have already purchased will automatically receive bonus shares (an
additional 10 for every 50 bought).
For persons desirous of taking advantage of this incentive, the sale
period has been extended to June 30, 2008. Government remains keen to
ensure as many Grenadians as possible have the opportunity to own
shares in Cable & Wireless Grenada.
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