Apr 2015 Financial News

Delisting of Jamaica Money Market Brokers Limited (JMMB) and Listing of JMMB Group Limited (JMMBGL)

Apr 10, 2015

This is to advise that 1,630,552,530 JMMB shares will be de-listed from the Trinidad and Tobago Stock Exchange (the Exchange) effective Monday 13th April, 2015.

On April 10th 2015, the Trinidad and Tobago Securities and Exchange Commission considered and approved the application for the de-listing of JMMB shares. The order was granted pursuant to an application for the de-listing, which was made by the Exchange subsequent to a resolution (the Scheme of Arrangement) and which was approved by shareholders at a special meeting held on September 17th 2014.

In addition to the de-listing of the existing JMMB shares, the Scheme of Arrangement allowed for the subsequent listing of JMMBGL shares to existing shareholders of JMMB at a 1:1 ratio. Accordingly, 1,630,552,530 JMMBGL shares will be listed on the Exchange effective Monday 13th April, 2015. Shareholders will carry the same rights, benefits and obligations under the JMMBGL as they enjoyed under JMMB.

Source:
The Trinidad and Tobago Stock Exchange Limited
Friday April 10, 2015