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Company History |
The business was founded
in 1875 when the Firm of Geo. W Bennett & Co of St John's, Antigua
opened a branch in Basseterre, St. Kitts. Mr Samuel Lamartine Horsford
who was at that time the Accountant at Geo. W Bennett & Co was appointed
as Manager of the St. Kitts branch.
In February 1880 the business traded under the name “The Estates
Agency Depot” and was a partnership between Messrs Geo. W Bennett & Co and
Mr John Hardtman Berkeley, planter of Shadwell Estate, St. Kitts.
In 1885, Mr Samuel Lamartine Horsford
purchased the business from its previous owners and started trading
as S L Horsford and Co. |
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On the 31 day of January 1912,
a Company Limited By Shares and named S L Horsford and Co. LTD
was registered on the island of St Christopher under The Companies Act
1884 (No 20 of 1884) of the Leeward Islands.
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In January 1929, Mr B Marshall purchased the shares owned by the late
Mrs Alberta Augusta Horsford (widow of Mr S L Horsford Dec'd) and the four surviving offspring
of Mr & Mrs Horsford.
The Company became a Public company on 30 July 1990 and on 24 September
1990 it issued a Prospectus which resulted in the issue of 5,500,000
Ordinary Shares of $1 per share. On 1 June 1993 the Company issued its
second Prospectus which resulted in the further issue of 2,600,000 Ordinary
Shares of $1 per share. In 1999 the Company issued 8,382,810 Bonus Shares
on the basis of one share for every two ordinary shares held at the
time of the issue. On 1 July 1999 the Company issued its third Prospectus
which resulted in the further issue of 5,000,000 Ordinary Shares of
$1 per share. |
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