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.