16 Apr 2018 17:13
Caribbean Investment Holdings Limited
16 April 2018
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Caribbean Investment Holdings Limited (London - AIM: CIHL; Bermuda - BSX: CIHL) (the "Company") announces that Geraldine Davis-Young has been appointed as non-executive director of the Company with immediate effect.
Mrs. Geraldine Priscilla Davis-Young, aged 66, is an experienced administrator and consultant, specialising in tax. She has previously worked for the Government of Belize and was responsible for coordinating the introduction and implementation of a new sales tax in Belize, which currently generates revenues of approximately 8% - 10% of the country's GDP.
Mrs Davis-Young previously studied at Harvard Law School and University of Belize. She has been a director of The Belize Bank Limited since February, 2009.
The board of CIHL welcomes the appointment of Geraldine and looks forward to the benefit of her experience.
Save as disclosed above, there is no further information required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules.
For further information contact:
Caribbean Investment Holdings Limited
UK +44 (0)20 7248 6700
Belize +501 227 7178
Cenkos Securities plc
Nicholas Wells +44 (0)20 7397 8920
Note: This and other press releases are available at the Company's web site: www.cihltd.co.
Background Information
Caribbean Investment Holdings Limited (CIHL) is a parent holding company with no independent business operations or assets other than its investments in its subsidiaries, intercompany balances and holdings of cash and cash equivalents. CIHL's businesses are conducted through its subsidiaries. The Belize Bank Limited (BBL) is incorporated and based in Belize and focuses on the provision of financial services and lending to domestic clients. Belize Bank International Limited is incorporated and based in Belize and focuses on the provision of financial services and lending to international clients. CIHL also owns an international corporate services business based in Belize, which operates as Belize Corporate Services Limited. Within Belize, BBL is the largest, full service commercial and retail banking operation with a head office in Belize City and eleven branches extended into each of the six districts of Belize. The principal operations of BBL are commercial lending, consumer lending, deposit taking and related banking activities.
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