On Friday 6th August 2021, the Board of our shareholder, the National Insurance Board of Trinidad and Tobago (“NIBTT”), as well as the Boards of the Trinidad and Tobago Mortgage Finance Company Limited (“TTMF”) and Home Mortgage Bank (“HMB”) formally approved the merger of TTMF and HMB. As a result, for compliance purposes we are required to file notices with the Securities and Exchange Commission. The first such notice will be published in the newspapers on Friday August 13 2021 (see attachment).
A team of advisors led by PricewaterhouseCoopers Advisory Services Limited is providing implementation support for the merger. Further communication of the progress of planned activities will be shared in the coming weeks.
We wish to assure you that any other decisions regarding the merger will be filed and published as required under Section 64 of the Securities Act, and pertinent details and guidance will be provided to you.
Thank you for your continued support. Please feel free to contact me should you have any further questions or wish to discuss.
Chief Executive Officer (Ag.)
Home Mortgage Bank
2nd Floor, NIBTT Building
14-19 Queen’s Park East
Port of Spain