BISX News

FOR IMMEDIATE PUBLICATION – 30 October 2017

BISX SPEAKS TO UNIVERSITY OF THE BAHAMAS LL.B CLASS

BISX Executives with the University of The Bahamas LL.B Programme students

The Bahamas International Securities Exchange (BISX) spent Wednesday morning, the 18th October 2017 with students from the Corporate Governance class of The University of The Bahamas’s (COB) LL.B. Programme. This is the second time BISX’s Executives were given the opportunity to speak to a Corporate Governance class. Speaking to the students was BISX Chief Executive Officer, Keith Davies and Chief Operating Officer, Holland Grant. The students in this session were able to ask questions directly to the senior Exchange Officials.

BISX Chief Executive, Keith Davies commented on the visit: “We welcomed the opportunity to work with Professor Lisa Benjamin, from the University of The Bahamas once again, as she took the proactive step of exposing her students to life within the Exchange. The students were very interested to learn about the capital markets and BISX’s place within it. I look forward to next year and hosting the next group of enthusiastic students, as a former COB and Law student, I can attest to the incredible value of having access to businesses and professionals to assist with your academic and professional foundation.”

Lisa Benjamin, the Assistant Professor, Department of Law commented, “For the second consecutive year, the team at BISX graciously lent their time to students in the third year of the University of The Bahamas Department of Law’s Corporate Governance class. Students learned firsthand about the mechanics of a securities exchange, its impact on domestic capital markets, as well as implications on wider socio-economic issues relevant for small island developing states such as The Bahamas. I am very grateful to the executives at BISX for extending their time and expertise to the students.”

The Class Representative, Clyde Newton expressed gratitude on behalf of the class by saying that, “the students of 3rd year University of the Bahamas Bachelors of Law programme were graciously invited to visit the offices of BISX to learn about the complexities of the stock exchange. It was a worthwhile experience that any University Student would be grateful for. We learned about the commercial and regulatory aspects within the securities market, and the nature of regulatory control efforts which member companies of the securities exchange should follow. Mr. Grant explained elements of the securities exchange in a manner that made most of the class feel like accountants! It was a highly beneficial experience. Mr. Grant and Mr. Davies also explained to the students that BISX is currently working on future plans which would cater to small investors and entrepreneurs alike, which would constitute cutting-edge reforms not only for The Bahamas but the region. The students of UB’s LLB programme third year are extremely grateful for the experience, and hope that BISX will continue to open its doors to eager students who are willing and ready to learn.”

FOR IMMEDIATE PUBLICATION

BISX SPEAKS TO RETIRING DEFENCE FORCE OFFICERS

Top caption Left to Right BISX COO Holland Grant and CEO Keith Davies presenting to RBDF Officers

BISX was pleased to take part in the first Transitional Entrepreneurial Training Seminar, hosted by The Bahamas Agricultural & Industrial Corporation (BAIC) in conjunction with the Royal Bahamas Defence Force (RBDF). On the first day of the seminar BISX executives had the opportunity to speak to long-serving Marines who are approaching retirement. The event began on Monday, 16 October 2017, where BISX’s Chief Executive Officer, Mr. Keith Davies and Chief Operations Officer, Mr. Holland Grant spoke to the marines about the “Local Stock Market and Investment”. It was held in the Training Room, Bahamas Agricultural & Industrial Corporation, Old Trail Road. Other institutions were also invited to speak about savings investments and starting businesses after retirement.

Mr. Davies commented by saying “It was a pleasure speaking to dedicated marines who gave so much of their life in service to the nation. BISX welcomes an opportunity to speak to all branches of our nation’s law enforcement services including the Defence and Police Force.”

The Assistant General Manager from the Project Planning & Development Department (from BAIC), explained that “The purpose of this Transitional Entrepreneurial Seminar is to introduce the Marines to the many and varied business opportunities that exist in The Bahamas, and apprise them of the processes and agencies that they, as entrepreneurs, would have to encounter in starting and developing a business”.

Mr. Grant added: “This was the first year of this programme and BISX was honoured to be a part of the programme and to contribute as these officers transition from one part of their lives to another.  The participants were familiar with savings and investing, and so our presentation really was an interactive discussion where there was a mutual sharing of information and knowledge.  We would welcome the opportunity to take part in future initiatives of this sort, not just for retiring marines, but also for new marines.”

PRESS RELEASE – FOR IMMEDIATE RELEASE – Monday 11 September 2017

BISX Hurricane Closure Procedures

The Bahamas International Securities Exchange Limited (BISX) wishes to inform the public that the BISX Office will re-open during normal operating hours on Monday 11 September 2017.

Please monitor the BISX website for updates.

Please be advised of the following:

DATE: Monday 11 September 2017

OFFICE HOURS: Open at 9 a.m.

NOTES: Subject to weather conditions

BISX Contact Details:

Mrs. Elude Sturrup
Bahamas International Securities Exchange Limited
Tel: (242) 323-2330
Fax: (242) 323-2320
Email: info@bisxbahamas.com

FOR IMMEDIATE PUBLICATION – Thursday 17 August 2017

The Bahamas International Securities Exchange (BISX) is pleased to announce that the Oil & Gas Opportunity Lending Fund Ltd. (the Fund) has successfully completed the BISX Mutual Fund Listing Process. As a result, the Fund’s shares have now been added to the roster of funds listed on the Exchange. The Oil & Gas Opportunity Lending Fund Ltd. is an open-ended mutual fund.

Oil & Gas Opportunity Lending Fund Ltd. is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas.

In speaking of the Listing, Ivan Hooper, Chief Executive Officer of The Winterbotham Trust Company Limited stated: “We are pleased to have sponsored the listing of the Oil & Gas Opportunity Lending Fund Ltd., an institutional fund focusing in the provision of financing to exploration, drilling, refining, and processing services companies in emerging markets with a particular emphasis in Latin-America. As the largest Fund Administrator by number of funds in The Bahamas, listing has become a key component of our offering. Listing with BISX is a key enhancer to this offering and our ability to attract funds to The Bahamas¨.

BISX Chief Executive Officer, Keith Davies, commented on the listing of the Oil & Gas Opportunity Lending Fund Ltd. “Our mutual fund facility remains a fast growing product line of the Exchange. We are proud to partner with the Winterbotham Trust Company Limited and all of our Sponsor Members to offer this value added service to their clients.”

The Winterbotham Trust Company Limited served as the BISX Sponsor Member that brought the Oil & Gas Opportunity Lending Fund Ltd. to the Exchange. OGOL Management Services Ltd. is the Investment Manager and The Winterbotham Trust Company Limited served has been appointed to serve as the Administrator of the Fund.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for Oil & Gas Opportunity Lending Fund Ltd. This notice advises the public of the security to be listed on the Exchange and the trading symbol of the listed security.

FOR IMMEDIATE PUBLICATION

JANUARY TO JUNE 2017 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the six month period ending June 30, 2017 with comparison to the same period of 2016.

BISX ALL SHARE INDEX
For the six month period ending June 30, 2017 the BISX All-Share Index closed at 1,864.87. This represents a year to date decrease of 73.34 or 3.78%. By comparison for the six-month period ending June 30, 2016 the BISX All-Share Index closed at 1,963.81. This represented a year to date increase of 139.96 or 7.67%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at June 30, 2017 the market was comprised of 20 ordinary shares with a market capitalization of $3.94 Billion. In addition, there were 13 preference shares with a market capitalization of $327.25 Million and 19 bonds with a face value of $579 Million.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES
Over the 6 month period January 1 to June 30, 2017, some international equity markets have experienced increases as indicated by the chart below:

TRADING VOLUMES AND VALUES
Trading volume for the six-month period January 1, 2017 to June 30, 2017 was 2,350,053 shares for a value of $15,486,900.90. Trading volume for the six-month period January 1, 2016 to June 30, 2016 was 2,960,687 shares for a value of $15,450,808.65.

Trading volume for the three-month period April 1, 2017 to June 30, 2017 was 1,354,166 shares for a value of $9,422,332.17. Trading volume for the three-month period April1, 2016 to June 30, 2016 was 2,061,562 shares for a value of $8,113,378.95.

AVERAGE DAILY VOLUME AND VALUE
For the six-month period from January 1, 2017 to June 30, 2017, the average volume per trading day was 18,328 shares for a value of $122,922.56. By comparison, for the six-month period from January 1, 2016 to June 30, 2016, the average volume per trading day was 23,590 shares for an average value of $123,531.68.

SHARE VOLUME AND VALUE LEADERS (SIX MONTH PERIOD)
The top five share volume leaders on BISX for the six-month period January 1, 2017 to June 30, 2017 with their contribution to total traded volume displayed as a percentage were:

The top five share value leaders on BISX for the six-month period January 1, 2017 to June 30, 2017 with their contribution to total traded value displayed as a percentage were:

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)
The top five share volume leaders on BISX for the three month period April 1, 2017 to June 30, 2017 with their contribution to total traded volume displayed as a percentage were:

The top five share value leaders on BISX for the three-month period April 1, 2017 to June 30, 2017 with their contribution to total traded value displayed as a percentage were:

FOR IMMEDIATE PUBLICATION – 20 June 2017

LENO CORPORATE SERVICES LIMITED BECOMES A BISX SPONSOR MEMBER

From left to right: Leno Corporate Services President Sean Longley, BISX Chief Executive Officer Keith Davies

The Bahamas International Securities Exchange (BISX) is pleased to announce that Leno Corporate Services Limited (LENO) has become a BISX Sponsor Member. Leno Corporate Services Limited becomes the sixth BISX Sponsor Member. BISX Sponsor Members are listing agents that bring mutual funds to the Exchange, they serve the valuable function of carrying out a primary review of mutual funds seeking a listing on the Exchange.

Speaking on the addition of Leno as a Sponsor Member, Keith Davies, BISX’s Chief Executive Officer stated, “We are extremely pleased that Leno decided to add this new service to their product offerings. Leno joined BISX as a Broker Member in 2014 and since that time we have seen them evolve and grow to offer multiple new business lines. We eagerly anticipate Leno bringing mutual funds to the Exchange.”

Mr. Sean K. Longley, President of Leno, stated “Becoming a BISX Sponsor Member is another milestone and proud moment for LENO. This important step reflects our commitment to the industry as a financial services provider both locally and internationally. Our intention is to contribute to the further growth of the financial services sector with our new ability to list mutual funds on the Exchange while doing our part to enhance the industry. LENO has successfully introduced a few local mutual funds and is currently in the process of finalizing one of three international funds that will eventually be listed on the Exchange. LENO has always believed in growing the pension and investment industry with diverse product offerings.  Given the impact we have made over our seven (7) years, LENO will always be embracing our role and responsibility to grow with our ever-changing industry in an appropriate and professional manner.”

From left to right: BISX Chief Operating Officer Holland Grant, Leno Corporate Services Portfolio Manager Tricetta Small

Mr. Longley went on to say that “LENO’s focus remains on providing financial and investment services that add value to our domestic and international clients. We are proud of the impact we have made in the various areas of pension investment management services, corporate services, and wealth management. Though LENO has grown, our business model still embodies the investment boutique philosophy that we started with years ago – Professional service with a personal touch. It is our beliefs towards adding value and our unwavering commitment to our clients that will continue to guide our growth over the years to come”

The BISX Mutual Fund Listing Facility recently surpassed 50 fund listings with a mixture of domestic and local funds. Domestic and International investors have benefited from the increased transparency and regulation that comes from a listing on a recognized stock exchange. The Mutual Fund Listing Facility includes funds as diverse as Segregated Account Companies, Limited Duration Companies and Investment Condominiums.