Sunday, April 14, 2024

2 say bye to Banks

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IN THE MIDST of a hostile takeover bid for Banks Holdings Limited (BHL), two members of the BHL board of directors have resigned.

MIDWEEK NATION investigations have uncovered that Trinidadian businessman Dominic George Hadeed, the chairman of BWPL Holdings Limited, which produces Blue Waters drink products, quit the board on Friday.

The other director, Frere Delmas, who was the Massy Holdings representative on BHL’s board, resigned last month after Massy sold its shares to SLU, triggering the conditions for a takeover.

Hadeed had received special mention in BHL directors’ circular issued to shareholders over the weekend when it was revealed that he had traded $1.76 million in BHL shares over the past six months.

Please read the full story in today’s Midweek Nation, or in the eNATION edition.

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