Tuesday, Dec 11, 2018

Hilton shareholders meeting cancelled

Hilton shareholders meeting cancelled
16 May
2018

The shareholders meeting called for Monday, May 21st by Needham's Point Holdings Limited to discuss the proposed sale of the Hilton Hotel has been cancelled.

Confirmation of this came from chairman of the National Insurance Board, Dr Justin Robinson.

Dr. Robinson adds that the NIS Board has not yet decided whether it will support the sale or not.

On Sunday while addressing a Barbados Labour Party political meeting at Oistins, Christ Church, leader Mia Mottley, suggested that such an important sale should not be taking place three days ahead of elections on May 24th.

She therefore called on her supporters, to turn out in their thousands at Needham's Point, if necessary, to ensure that the meeting does not take place.

Earlier this month, Minister of Finance Chris Sinckler had disclosed that government had found a buyer for the US $100 million hotel.

At the time, he assured that the property would not be sold below its most current valuation.