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Hamilton, Bermuda (5 December 2024) – On 4 December 2024, Argus Group Holdings Limited (“Argus”) (BSX: AGH) announced that its subsidiary, Holdco 123 Limited, had commenced the process to acquire 3,394,403 shares in BF&M (“BF&M Shares”) from Lawrie (Bermuda) Limited, a wholly owned subsidiary of Camellia Plc.

This transaction has now completed. Accordingly, Argus, through its subsidiary, now owns approximately 36.2% of the issued shares in BF&M.