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Issue of Directors’ Circular in response to the Offer to acquire up to 10,596,483 Ordinary Shares of Cayman National Corporation Ltd. (Cayman National

Business 25 Jun, 2025 Follow News

Issue of Directors’ Circular in response to the Offer to acquire up to 10,596,483 Ordinary Shares of Cayman National Corporation Ltd. (Cayman National

Issue of Directors’ Circular in response to the Offer to acquire up to 10,596,483 Ordinary Shares of Cayman National Corporation Ltd. (Cayman National

The Board of Cayman National (CSX:CNC) KY on June 20th, 2025 issued its Directors’ Circular as required by Rule 22 of the Cayman Islands Stock Exchange Code on Takeovers and Mergers and Rules Governing Substantial Acquisitions of Shares in response to RBTTBL’s Offer Circular dated 30 May 2025 (the Offer).

Cayman National appointed KPMG as the Independent Financial Advisor to prepare a fairness opinion in relation to the Offer (the Fairness Opinion). A copy of the Fairness Opinion is attached to the Directors’ Circular.

The Cayman National Directors’ Circular sets out the recommendations of directors unaffiliated with RBTTBL in relation to the Offer, as well as their rationale and other information that is material to Cayman National’s shareholders in their assessment of the Offer.

The Cayman National Directors’ Circular is published on the website of the Cayman Islands Stock Exchange at https://csx.ky/companies/equity.asp?SecId=01510001 , and on the CNC website at https://www.caymannational.com/republic-offers-to-buy-remaining-cayman-national-shares .

Cayman National encourages shareholders to read the Cayman National Directors’ Circular in its entirety, and to consider their own personal risk profile, investment strategy, tax position and financial circumstances before making any decision in relation to their Cayman National Shares. Cayman National also encourages shareholders to consult their own stockbroker, investment advisor, lawyer, accountant, tax advisor or other professional advisor as needed.


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