Jan 2014 Financial News

NML Press Release

Jan 13, 2014

The Board of Directors of Neal & Massy Holdings Limited (“Neal & Massy) wishes to express its disappointment with and takes great exception to the misleading articles published in the Business Guardian on January 9, 2014; ‘Why are NEL, N&M hiding material facts?’ by Anthony Wilson and ‘N&M fails to disclose cost of two acquisitions’ by Nadaleen Singh.

The articles give the false impression that Neal & Massy has failed to comply with its legal obligations under the Securities Act, 2012.

NEAL & MASSY’S DISCLOSURE OF MATERIAL CHANGES RELATED TO THE TWO RECENT ACQUISITIONS IS IN COMPLIANCE WITH SECURITIES ACT, 2012. Neal & Massy shared with the Trinidad and Tobago Securities and Exchange Commission (SEC), drafts of the Material Change Reports and the proposed notices/advertisements for review and approval prior to filing and publication. The SEC provided written approval of the form and content of the Reports and Notices
before the Reports were filed and the Notices published. WE ARE IN COMPLIANCE, HAVE ALWAYS COMPLIED AND WILL CONTINUE TO COMPLY WITH THE LAWS AND REGULATIONS FOR PUBLICLY LISTED COMPANIES.

We have briefed our Attorneys to take necessary steps to protect the interests of Neal & Massy and its Shareholders.

Gervase Warner
President & Group Chief Executive Officer


Source:
The Trinidad and Tobago Stock Exchange Limited
Monday January 13, 2014