Anglec shares on sale to public

Chief Minister Victor Banks addressing the ceremony.  Chief Minister Victor Banks gave a brief historical review of Anglec’s ownership structure since its incorporation in 1991 up to the present, with emphasis on the management of the GoA’s shares. He highlighted the successes resulting from revenue raised from the initial sale of 60 per cent of the GoA’s shares in September 2003, such as funding of the expansion of Clayton Lloyd International Airport which generated millions of dollars during Anguilla’s glory days.   Likewise, revenue raised through the current sale will be used to energise the island’s depressed economic situation. The sale is intended to raise in excess of EC $20 million in revenue and will be used to cover Government debt obligations, thereby reducing burdensome tax measures on residents and businesses. Banks praised Anglec for its continued improved energy delivery to the private and commercial sectors of the island, to include its recent acquisition and use of solar energy.   Remarks were also delivered by Minister Curtis Richardson, Anglec Chairman Gareth Hodge and BDO Senior Member Claudel Romney.   Five lucky guests won 100 shares each at the end of the formal ceremony and all were invited to stay and enjoy a social hour of food, music, as well as seek additional information at the information booth.


Source: The Daily Herald https://www.thedailyherald.sx/islands/68957-anglec-shares-on-sale-to-public