Endeavour Holdings Ltd (EHL) yesterday announced that it had been advised by its majority shareholder, Endeavour ABRA Holdings Ltd of the sale by ABRA of 727,500 EHL common shares.
In a notice posted on the website of the Trinidad and Tobago Stock Exchange (TTSE), EHL said the sale represented approximately 3 per cent of its outstanding common shares.
The notice went on to outline that the shares were sold on February 18, 2025, as part of a private treaty transaction, which was completed through the facilities of the TTSE.
According to the issuer information on the Exchange, EHL’s issued share capital is 32,887,619.
On February 18, EHL was trading at $19 a share. If the transaction took place at that price, it would be worth $13.82 million.
The notice was signed by John Aboud, the chairman of EHL. Aboud is listed in the EHL annual report for 2024 as owning no shares in his own name.
In a note in the EHL annual report, Aboud and another director of EHL, Anthony Rahael, as of April 30, 2024, “are deemed to be related parties to Endeavour ABRA Holdings by virtue of common directorships and/or shareholdings.”
Endeavour ABRA Holdings Ltd owns 97.31 per cent of EHL according to the 2024 annual report.
