Possible insider trading in BF&M shares

By David Marchant

30 years ago

Topics

Bermuda Fraud Insurance Investment Listed Securities

Keywords

Bermuda Stock Exchange BF&M

BF&M Ltd announced a ten per cent stock dividend to shareholders yesterday – only days after some of the largest volumes of trading in its shares for several months. A decision to reward long-suffering shareholders of BF&M Ltd, who have seen their capital investment drop from $10.50 per share in June, 1993, to $6.75 currently, was taken by BF&M’s board of directors on December 20.

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