Ascendant Group Limited Share Repurchase Program

Hamilton, Bermuda (May 19, 2017) – Ascendant Group Limited (the “Company”) announces that, given the Company’s existing share repurchase program expired today,  its Board of Directors has authorized the repurchase of up to 200,000 shares through a further share repurchase program.

The authorized share repurchase program represents approximately 2% of the Company’s overall listed securities and is being implemented for the purpose of improving shareholder liquidity.  The Company may commence repurchases pursuant to this share repurchase program effective May 23, 2017. 

 

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 Ascendant Group Limited is a Bermuda-based publicly traded holding company that provides energy and infrastructure solutions.  Ascendant Group Limited (AGL.BH) is listed on the Bermuda Stock Exchange (BSX) and is the parent company of Bermuda Electric Light Company Limited (BELCO), and AG Holdings Limited, which includes AIRCARE LTD., IFM Limited, IEPC Limited and Ascendant Properties Limited.  For further information about Ascendant Group Limited, visit www.ascendant.bm.