Mar 2017 Financial News

Trinidad Cement Limited - Take Over Bid for Readymix (West Indies) Limited

Mar 27, 2017

Notice to Shareholders

Trinidad Cement Limited (“TCL”) hereby advises that on Friday, March 24, 2017, its Board of Directors approved the issuance of an Offer and Take-Over Bid to acquire for cash all of the issued and outstanding ordinary shares in Readymix (West Indies) Limited (“RML”) not already held by TCL at a price of TT$11.00 per ordinary share (“the Offer”). TCL is the majority shareholder, holding 71.1% of the issued and outstanding ordinary shares of RML. Shareholders may elect to receive payment in either TT$ or US$ at a rate of TT11.00 or US$1.62 per issued ordinary share.

The Offer will be formally issued via a Take-Over Offer Circular, which will be mailed to shareholders on Monday, March 27, 2017.

Unless extended, the Offer period is expected to close on Monday, May 01, 2017

This Notice is published pursuant to Section 61(1)(b) of the Trinidad and Tobago Securities Act, 2012.

Source:
The Trinidad and Tobago Stock Exchange Limited
Monday March 27, 2017