Jan 2016 Financial News

Trinidad Cement Limited - Delisting of TCL Shares from Guyana Association of Securities Companies and Intermediaries

Jan 28, 2016

TCL wishes to advise that by Order dated January 11, 2016, the Guyana Securities Council has granted the Company’s application for delisting, pursuant to Section 40(1) and (2) of the Guyana Securities Industry Act, 1998 and the GASCI Rules #6.16, effective as of the opening of trading on Monday January 18, 2016.

As previously reported, at the last Annual Meeting of Trinidad Cement Limited (“TCL/the Company”) held on July 20, 2015, Shareholders of the Company duly considered and passed Special Resolution for the shares of Trinidad Cement Limited to be delisted from, inter alia, the Guyana Association of Securities Companies and Intermediaries Inc. (“GASCI”) in accordance with statutory and regulatory guidelines.

The reasons for delisting were that trading volumes and frequency were minimal, there were no shareholders resident in Guyana, and the negative financial consequence of annual listing/maintenance charges required to be paid to GASCI.

The Company shall be proceeding to make an application to the Guyana Securities Council for de-registration as a reporting issuer.

This Notice is published pursuant to Section 64(1)(b) of the Trinidad and Tobago Securities Act, 2012.

Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday January 28, 2016