Jun 2017 Financial News

Trinidad Cement Limited - Withdrawal of Option to Compulsorily Acquire Shares in Readymix (WI) Limited

Jun 23, 2017

NOTICE TO SHAREHOLDERS

WITHDRAWAL OF OPTION TO ACQUIRE SHARES OF READYMIX (WEST INDIES) LIMITED PURSUANT TO SECTION 202 OF THE COMPANIES ACT, AS OUTLINED IN OFFEROR’S NOTICE DATED JUNE 2, 2017

Trinidad Cement Limited (“TCL” or “Offeror”) hereby advises that it has decided not to pursue compulsory acquisition of the outstanding shares in Readymix (West Indies) Limited (“Readymix”) under Section 202 of the Companies Act, Chap. 81:01 and, accordingly, the exercise of its option for compulsory acquisition in TCL’s Offeror’s Notice dated June 2, 2017 has been withdrawn.

Shareholders of Readymix wishing to sell their shares to TCL may still do so in accordance with By-Law 26 of the
Securities Industry (Take-Over) By-Laws, 2005. A notice to this effect has been mailed to shareholders of
Readymix.

This Notice is issued pursuant to Section 64(1)(b) of the Securities Act, 2012.

Source:
The Trinidad and Tobago Stock Exchange Limited
Friday June 23, 2017