Mar 2017 Financial News

NCBJ - Listing of NCB Financial Group Limited and Delisting of National Commercial Bank Jamaica Limited

Mar 15, 2017

This is to advise that 2,466,762,828 NCBJ shares will be de-listed from the Trinidad and Tobago Stock Exchange Limited (the Exchange) effective Thursday 16th March, 2017.

On March 15th 2016, the Trinidad and Tobago Securities and Exchange Commission considered and approved the application for the de-listing of NCBJ shares. The order was granted pursuant to an application for the de-listing, which was made by the Exchange as part of NCBJ’s implementation of its Scheme of Arrangement (SOA). The SOA was approved by NCBJ shareholders at an annual general meeting held on January 27th 2017.

In addition to the de-listing of the existing NCBJ shares, the Scheme of Arrangement allowed for the subsequent listing of NCBFG shares to existing shareholders of NCBJ at a 1:1 ratio. Accordingly, 2,466,762,828 NCBFG shares will be listed on the Exchange effective Thursday 16th March, 2016. Shareholders will carry the same rights, benefits and obligations under the NCBFG as they enjoyed under NCBJ.

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday March 15, 2017