Home' Trinidad and Tobago Guardian : February 23rd 2018 Contents A28 sports
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TAKE NOTICE that the Trinidad and Tobago Securities and Exchange Commission (“Commission”)
will convene a Hearing in this matter, on a date to be announced, pursuant to Section 159 of the
Securities Act, 2012, for the purpose of considering whether to make an order pursuant to Section
155(1) of the Act and By-Law 24 of the By-Laws with respect to the facts and circumstances
surrounding the Offeror’s equity interest in the Offeree Issuer and the issuance of the Bid Circular
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AND TAKE NOTICE that the Hearing will be an expedited hearing pursuant to Rule 11 of
Port of Spain on Monday February 26, 2018 at 1:30pm (“the Procedural Hearing”).
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February 23, 2018.
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Dated February 22, 2018
BY ORDER OF THE COMMISSION
In the Matter of
Sections 159 and 155(1) of the Securities Act, Chap. 83:02 and
By-Law 24 of the Securities Industry (Take-Over) By-Laws, 2005 (“By-Laws”)
In the Matter of
NCB Global Holdings Limited’s (“Offeror”) Offer and Take-Over Bid Circular (“Bid
Circular”) dated December 8, 2017 (and amended on January 12, 2018 and February
2, 2018), to acquire 74,230,750 ordinary shares of Guardian Holding Limited (“Offeree
Issuer”) so as to result in the Offeror holding not more than 62% of the issued and
outstanding ordinary shares of Offeree Issuer
TRINIDAD AND TOBAGO SECURITIES AND EXCHANGE
Smith reveals $5M for first phase
Following years of neglect and
being in a state of disrepair, re-
pair works on the Dwight Yorke
Stadium have commenced and
are expected to be completed by
the end of this year.
Sports Minister Darryl Smith,
Tourism Minister Shamfa Cud-
joe, Secretary for Youth and
Sport THA Jomo Pitt, former
Captain of the National men’s
senior football team Dwight
Yorke, as well as officials from
UDECOTT, toured the facility on
Speaking to the media after the
tour, Smith said, measures are
being undertaken to ensure that
the stadium is not allowed to fall
into such a state ever again.
The first phase of the project is
estimated to cost $5million with
upgrades to the roof, electrical
and plumbing, while a further
$25 million is still to be sourced
to continue the project the Min-
“For the first time we are going
to have a maintenance policy,
which will ensure that this does
not happen again and it’s not just
Dwight Yorke. We have started
Dwight Yorke, we are going to be
looking at the Mannie Ramjohn,
the Larry Gomes Stadium, the
Ato Boldon Stadium as well, so
you would be seeing those being
done as well, finally after fifteen
years,” Smith said.
The repairs have been divided
into four phases. Work has com-
menced on the first phase, which
is expected to be completed by
However, when questioned
about the length of time taken to
complete the much needed re-
pair works on the stadium, Smith
said alot of background work had
to be completed before hand.
Minister Cudjoe believes that
haggling between the Ministry
and the THA about who was re-
sponsible for the facility would
have contributed to the delay,
but Smith said, this situation
would soon be a thing of the past
as the stadium would be handed
over the Tobago House of Assem-
bly some time in the future
“Right now the Dwight Yorke
Stadium is under the Ministry
of Sport and hopefully with our
reform for Local Government
and Self Governance for Tobago,
once this is done, it’s something
that we will definitely be talking
to the Cabinet and the THA to
have an official handing over of
the facility to the THA” he said.
Smith also said, he was pleased
that Dwight Yorke, who has ex-
perience on an international
level, with world class facilities,
was now apart of the process.
Meanwhile, Dwight Yorke who
Dwight Yorke Stadium to be ready by year’s end
Sports Minister Darryl Smith, second from left, speaks with former T&T World Cup
captain Dwight Yorke and officials of the touring team that visited the Dwight
Yorke Stadium in Bacolet, Tobago on Wednesday.
expressed shock and disappoint-
ment over state stadium in the past
said, the move was a positive step, in
light of all the negative comments he
has heard about the facility bearing
“There has been quite a lot of frus-
tration which I understand, I do not
condone it”, the Minister said, it has
been fifteen years and anytime you
let something of this magnitude gets
out of hand, it’s always going to dete-
riorate very quickly, but I look on the
“I’ve always been a positive indi-
vidual and I think that today the fact
that we are all here representing to
get the stadium up in the appropriate
usage to allow the athletes back into
the stadium to use the facilities, has
to be a positive,” he said.
A lack of maintenance of the
Dwight Yorke Stadium led to the im-
plementation of Occupational Safety
and Health (OSHA) restrictions and it
has remained closed to the public.
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