Cable Bahamas has sought and received permission from the Bahamas International Securities Exchange (BISX) for a delay until May 30, 2013 to complete and file its 2012 annual report and accounts. The request was initiated by Cable Bahamas primarily because of circumstances beyond its control, namely a significant business interruption, which occurred in January of 2013 that caused it to relocate its entire customer service operation.
Cable Bahamas has worked diligently to complete its audit within the timeframe prescribed by the Securities Industry Act 2011 and the continuing obligations rules issued by BISX. We would have been in compliance but for these extraordinary circumstances. “It is important to us that our shareholders and the public receive timely and accurate information. We therefore take all steps possible to achieve this. We believe this is the prudent way to proceed and we are confident that before or by May 30, 2013 we will be in a position to file our audited financial statements” says Barry Williams, Senior Vice President, Finance. The Securities Commission of the Bahamas also granted Cable Bahamas permission to file its annual report and accounts by May 30, 2013. Cable Bahamas will publish the 2012 year end results in two major local newspapers by May 30, 2013.