Oct 2017 Financial News

Scotia Investment Jamaica Limited - Suspension of Trading

Oct 02, 2017

On September 29th 2017, SIJL announced that the Supreme Court of Jamaica has approved and sanctioned the Scheme of Arrangement (SOA) pursuant to which stock units in the Company (other than those held by Scotia Group Jamaica Limited) will be cancelled in consideration for cash payments J$38.00 per stock unit (payable to stockholders in Jamaica currency or, at their election, in United States currency but in United States currency only in the case of stockholders whose stock units are cross-listed on the Trinidad and Tobago Stock Exchange).

The Court Order was filed with the Registrar of Companies on September 29th, 2017 and accordingly the Scheme has become effective. In view of the above and pursuant to Section 6.1 of the SOA, trading in SIJL has been suspended with effect from Monday 02nd October 2017.


Source:
The Trinidad and Tobago Stock Exchange Limited
Monday October 02, 2017