08/07/2019 No decision on BSP Shares

The Credit Corporation Board has today advised that its current deliberations regarding an in-specie distribution of BSP shares to shareholders did not guarantee such a distribution would be implemented.

Credit Corporation Chairman Syd Yates said while the AGM resolution from Teachers Savings and Loan Society Limited (TISA) in relation to considering the possibility of an in-specie distribution of BSP shares was carried by shareholders, it was a non-binding resolution and only relates to certain preliminary investigations to determine if it is possible to effect such a distribution.