Feb 2015 Financial News

Massy to delist from Barbados Stock Exchange

Feb 10, 2015

Shareholders of Massy Holdings Limited have approved the voluntary delisting of the company’s shares from the Barbados Stock Exchange (BSE).

This follows a recommendation coming out of a November 6, 2014, meeting of the board of directors. 

The Massy directors found that the low level of trading in the company’s shares on the BSE does not justify the costs of maintaining the cross-listing. 

They also found that in the absence of harmonisation of laws and regulations between T&T and Barbados, there is an additional cost of regulatory compliance.

At the company’s annual general meeting on February 6, shareholders, by special resolution, approved and consented to the voluntary delisting “subject to regulatory processes and any conditions prescribed by law.”

Massy Holdings will continue to maintain its listing on the T&T Stock Exchange (TTSE) and shareholders in T&T and Barbados will be able to continue to trade in the company’s shares.

Source:
Trinidad Guardian
Tuesday February 10, 2015

http://www.guardian.co.tt/business/2015-02-09/massy-delist-barbados-stock-exchange