Apr 2016 Financial News

GHL - Notice to Shareholders

Apr 20, 2016

UPDATE ON PROPOSED ACQUISITION BY NATIONAL COMMERCIAL BANK JAMAICA LIMITED (“NCBJ”) OF A 29.9% STAKE IN GUARDIAN HOLDINGS LIMITED (“GHL”)

As was announced in November 2015, the transaction whereby NCBJ is due to acquire a 29.9% stake in GHL is subject to receipt of required regulatory approvals. The activities of the Guardian Group is subject to regulation in some 23 different jurisdictions in each of which the relevant regulator has had to have been consulted.

GHL has been assured by the parties to the transaction that the process for securing regulatory approvals is considerably advanced and they expect to shortly complete the process to secure the required approvals to permit closing in the near future.

All parties remain of the view that alignment of NCBJ and GHL is a very positive development which holds great opportunity for our respective shareholders, clients and employees and look forward with keen anticipation to the closing.

Fe Lopez-Collymore
Corporate Secretary
April 20, 2016

Source:
Trinidad Guardian, A11
Wednesday April 20, 2016