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Financial News

Mar 2017 Financial News

National Commercial Bank Jamaica Limited - Suspension of Trading

Mar 02, 2017

Following a notice by the Trinidad and Tobago Stock Exchange Limited (TTSE) dated January 30, 2017, NCBJ has advised that the proposed Scheme of Arrangement among NCBJ, NCB Financial Group Limited (NCBFG) and their respective shareholders was sanctioned by Order of the Supreme Court of Judicature of Jamaica on February 28, 2017.

NCBJ will be seeking on March 09, 2017 to delist its shares on the TTSE and simultaneously list an equal number of new NCBFG ordinary shares on the TTSE. Please be advised that trading of NCBJ will be suspended after the market closes on March 03, 2017, pending the filing of the Court Order with the Registrar of Companies. Suspension of trading in NCBJ shares will also simultaneously occur on the Jamaica Stock Exchange, the company’s Main Market.

The table below provides details of the listing of NCBFG.

                                                     Details

 Name

 NCB Financial Group Limited

 Symbol

 NCBFG

 ISIN

 JME201700064

 Instrument Type

 Ordinary Shares (Equity)

 Listing Date

 March 09, 2017

 Issued Share Capital

 2,466,762,828

 Listing Price

 Closing price as at March 03, 2017

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday March 2, 2017