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Frequently Asked Questions
  1. When was Banks Holdings Limited (BHL) formed?

  2. What companies comprise the Banks Holdings Group?

  3. Is Banks Holdings a member of the BS&T Group?

  4. What products do the companies within the Group produce?

  5. What is the current share price?

  6. What are some of the events or organisations BHL sponsors?

  7. Is Banks Barbados the same as Banks Guyana?

  8. Which company is the oldest in the group?

  9. Which company is the newest addition to the group?

  10. What percentage of the local beverage market does the group hold?

  11. Who is the Chief Executive Officer of BHL?

  12. Who is the Chairman of the BHL Board of Director?

  13. How many people comprise the BHL Board of Directors?

  14. Who are the Directors of the company?

  15. What is BHL’s Mission Statement?

  16. What are the areas in which persons are employed within the BHL Group?

  17. How much emphasis is placed on education?

  18. How many employees are there within the Group?

  19. How many persosn are employed by the parent company?

  20. What are some of the businesses which BHL works closely with?

  21. How many shareholders are there in the company?

  22. How many issued shares are there?


Q. When was Banks Holdings Limited (BHL) formed?
A. Banks Holdings Limited was formed in 1991.

 

Q. What companies comprise the Banks Holdings Group?
A. The BHL Group comprises of four subsidiaries. Its beverage production arm includes a brewery - Banks (Barbados) Breweries, a soft-drink plant � Barbados Bottling Company Limited (BBC), and a dairy - Barbados Dairy Industries Limited (Pine Hill Dairy). Our distribution arm is led by B&B Distribution Limited including its wholesale outlet B&B Wholesale.

 

Q. Is Banks Holdings a member of the BS&T Group?
A. No, Banks Holdings is a separate entity, however BS& T does own shares in the Group.

 

Q. What products do the companies within the Group produce?
A. The BHL Group�s portfolio ranges from beverages to bottles. The beverages include non-alcoholic, alcoholic and carbonated products, as well as fruit juices, and milk-based items.

 

Q. What is the current share price?
A. The last financial year (2012) saw the share price recorded at $3.00.

 


Q. What are some of the events or organisations BHL sponsors?
A. BHL has played a leading role in all aspects of Barbadian life from sports to cultural events and charities. Some of the charities BHL assists include the Barbados Cancer Society and The Arnott Cato Foundation. In addition, BHL has partnered with the National Cultural Foundation to host a number of cultural events including the popular Crop Over Cavalcades. A wide arrange of sporting disciplines ranging from polo to dominoes have also befitted from BHL involvement in the community.

 

Q. Is Banks Barbados the same as Banks Guyana?
A. . Banks (Barbados) Breweries Ltd. and Banks Guyana are two separate companies although there are linkages between their parent companies, Banks Holdings Limited (BHL) of Barbados; and Banks DIH (BDIH) of Guyana. In February 2005 BHL and BDIH signed a Memorandum of Understanding. The agreement was effected by a share transfer agreement which sees Banks DIH acquiring just under 10% of BHL, and BHL acquiring 20% of DIH.

 

Q. Which company is the oldest in the group?
A. The Barbados Bottling Company Ltd. is the oldest company in the BHL Group. It celebrated its 60th anniversary in November 2004.


Q. Which company is the newest addition to the group?
A. Barbados Dairy Industries Ltd. (trading as PINE HILL DAIRY) is the newest member of the BHL Group. The Pine Hill Dairy opened for business in 1966 and was acquired by BHL in 1997.

 

Q. What percentage of the local beverage market does the group hold?
A. The Group controls approximately 50% of the local beverage market.

 

Q. Who is the Chief Executive Officer of BHL?
A. The BHL Group is headed by Managing Director/ CEO, C. Richard Cozier.

 

Q. Who is the Chairman of the BHL Board of Directors?
A. Mr. Anthony King is the Chairman of BHL�s Board of Directors.

 

Q. How many people comprise the BHL Board of Directors?
A. The Board is made up of 10 members

 

Q. Who are the Directors of the company?
A. The Directors are Mr. Anthony King, Mr. Richard Cozier, Mr. Frere F. C. Delmas, Mr. Elvin R. Sealy, Mr. George McDonald, Mr. Luis Alvarez, Mr. Dominic Hadeed, Ms. Niara A. Fraser, Mr. Chris De Caires and Ms Natalie Brace.

 

Q. What is BHL’s Mission Statement?
A.. “Our mission is to exceed the expectations of our customers and consumers in the production, marketing and delivery of quality products and services through innovation and the development of smart partnerships with all constituent groups.”

 

Q. What are the areas in which persons are employed within the BHL Group?
A. Career opportunities are as diverse as the work across our subsidiaries. Positions include management, information technology, marketing and sales, public relations, finance and accounting, research and development, and engineering. There are laboratory technicians, chemists, machine operators, clerks, brewmasters, merchandisers, channel representatives etc.

 

Q. How much emphasis is placed on education?
A. Banks Holdings Limited companies have general application forms which candidates can complete and return to the respective enterprises. All such applicants must have a police certificate of character and should have completed secondary education. Beyond this basic requirement, there will be additional stipulated requirements for individual vacancies.

 

Q. How many employees are there within the Group?
A. There are approximately 589 persons employed within the Group

 

Q. How many persons are employed by the parent company?
A. There are 68 persons currently employed by the parent company.

 

Q. What are some of the businesses which BHL works closely with?
A. BHL’s Associated Companies are Newtech Inc. (26.2 %); Chemical Industries Limited (40 %); Tower Hill Merchants PLC (21%), BCB Communications Inc. (20%) and Banks DIH Limited (20%).

 

Q. How many shareholders are there in the company?
A publicly-quoted company on the Securities Exchange of Barbados, BHL is also one of the most widely held companies in Barbados, with approximately 3, 278 shareholders including just over 3, 000 individuals, estates and trusts.

 


Q. How many issued shares are there?
The BHL Group has 39.3 million issued shares.


 

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