Feb 2013 Financial News

JMMB’s Participation in National Debt Exchange

Feb 21, 2013

Jamaica Money Market Brokers Limited has informed the Stock Exchange that its Board of Directors have approved the company’s full participation in the Government of Jamaica’s National Debt Exchange Offer (“NDX”). This
participation includes all the JMMB subsidiaries, including Capital and Credit Merchant Bank, JMMB Securities Limited, JMMB Insurance Brokers Limited and Capital and Credit Securities Limited.

The requirements and implications of the NDX have been discussed at length with Management and the Board and it was agreed that it is a necessary step for the benefit of the country. While it is anticipated that this will have a shortterm
adverse impact on profitability, it will not materially affect the capital of the Group. The Board considers participation in the NDX to be in the best long-term interests of the shareholders of JMMB.

The JMMB Group reiterates the call for each and every Jamaican to get engaged, participate and choose to hold the GOJ and each other to account in this National Debt Exchange Offer, so as to ensure the economic stability and growth of the country.


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday February 21, 2013