Cayman National Corporation Ltd. (“Cayman National”) advises that the offer by Republic Financial Holdings Limited (RFHL), through its wholly owned subsidiary Republic Bank Trinidad & Tobago (Barbados) Limited (RBTTL) to acquire the remaining shares of Cayman National which it did not already own has successfully closed. The offer, which commenced on 30 May 2025, was in respect of the acquisition of up to 10,596,483 ordinary shares. At closing, a total of 5,054,006 ordinary shares were validly tendered and acquired, resulting in RFHL, through RBTTBL, now holding 86.91% of the total issued share capital of Cayman National.
As approved by the requisite majority of shareholders at the extraordinary general meeting convened on 8 August 2025, Cayman National was voluntarily delisted from the Cayman Islands Stock Exchange effective at the close of trading on 18 August 2025.
Ms. Janet Hislop, Chief Executive Officer of Cayman National and President of Cayman National Bank Ltd., commented: “The closing of this transaction marks an important milestone for our company. We are grateful to our shareholders and supporters for their valuable partnership and confidence on our journey so far, and throughout the offer process. We look forward to continuing to serve our customers and community with the same passion that has been a hallmark of Cayman National for more than five decades.”