Business · Developing · 1 min read · Published 1 Nov 2026 ·
Shareholder Rejects Prestige Offer and Seeks Court Valuation
By the Luk It Hyah newsdesk · Sources · Reporting disclaimer
The Short
CNC3 reports that a minority shareholder has rejected Agostini’s TT$12.15 offer for Prestige shares and elected to seek a court valuation. First Citizens’ offer page gives 2 November as the closing date. No court valuation has been established.
The Full Story
Agostini’s offer for remaining minority shares in Prestige Holdings is TT$12.15 per share, according to First Citizens’ current offer page. The receiving agent lists the offer’s closing date as Monday 2 November 2026.
Sources: CNC3, 1 Nov, 9:47 p.m. Trinidad time ↗
CNC3 reports that a minority shareholder sent Agostini an election notice on Friday 30 October, rejecting that price and opting to have fair value determined by the High Court. The report says a copy went to the securities regulator. Luk It Hyah has not inspected the individual’s notice.
Sources: CNC3, 1 Nov, 9:47 p.m. Trinidad time ↗
An election to seek a court valuation is distinct from a court fixing the price or a verified court application being filed. The reviewed material establishes neither a valuation judgment nor the eventual acquisition price. The broker’s dated closing information is used here rather than the report’s ambiguous reference to a deadline “today”.
Sources: CNC3, 1 Nov, 9:47 p.m. Trinidad time ↗ · First Citizens: current Agostini cash-offer information ↗
Sources
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