Jul 2012 Financial News

Notice by Jamaica Money Market Brokers Limited to dissenting shareholders of Capital & Credit Financial Group Limited

Jul 12, 2012

Dear CCFG Shareholders,

On May 25, 2012, Jamaica Money Market Brokers Limited (“JMMB”) made an offer to all the holders of ordinary shares in Capital & Credit Financial Group Limited (“CCFG”) to acquire their shares in CCFG (“the Offer”). JMMB offered a price of $4.55 per CCFG share, payable (i) as to J$3.19, in cash and – (ii) as to J$1.36, by the issue of new ordinary stock units in JMMB, using for the purposes a value of $7.54 per new ordinary stock unit in JMMB.

Up to June 15, 2012, being a date within four (4) months of the date of the making of the Offer, the Offer was approved by the holders of not less than 90% in value of the said ordinary shares in CCFG (other than shares already held at the date of the offer by or by a nominee for JMMB or its subsidiary).

NOW therefore JMMB pursuant to the provisions of Section 209 (1) of the Companies Act 2004 of Jamaica herby gives you notice that it desires to acquire the ordinary shares held by you in CCFG.

AND FURTHER TAKE NOTICE that unless you apply to the court on or before [a date one month after the date of this notice] and the court orders otherwise, JMMB will be entitled and bound to acquire the ordinary shares held by you in CCFG on the terms of the Offer approved by the approving ordinary shareholders in CCFG.

CAROLYN DACOSTA
SECRETARY
for
JAMAICA MONEY MARKET BROKERS LIMITED

Dated the 22nd day of June 2012-07-12


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday July 12, 2012