Jul 2017 Financial News

Trinidad Cement Limited - Notice to Shareholders of Readymix (West Indies) Limited

Jul 11, 2017

Further to its Statement dated June 22, 2017 (“the Statement”) to holders of common shares of Readymix (West Indies) Limited (“Readymix”), Trinidad Cement Limited (“TCL”) wishes to remind such shareholders of Readymix that they are entitled to require TCL to acquire their Readymix shares in accordance with the provisions of By-Law 26 of the Securities Industry (Take-Over) By-Laws, 2005.

As at June 27, 2017, TCL acquired 97.23% of the outstanding shares of Readymix. Please also note that Readymix has made an application to the Trinidad and Tobago Stock Exchange to be de-listed.

If you would like TCL to purchase your Readymix shares you will have to complete the “Election Form” that was attached to TCL’s Notice dated June 2, 2017 (which was also included with the Statement), indicating whether you (a) accept the price of TT$11.00 (or US$1.62) per Readymix shares, or (b) wish to have the fair value of the Readymix share fixed by the Court. If you elect the price of TT$11.00 (or US$1.62), you will have to include your certificate representing the Readymix shares with your Election Form.

Election Forms and certificates (if applicable) must be hand-delivered or posted to either of the following addresses within 60 days after the date of the Notice, that is, by August 1, 2017:

First Citizens Brokerage and Advisory Services Limited
#17 Wainwright Street
St. Clair
Port of Spain
Trinidad
Tel: (868) 622-3247 Extension – 5976
Email: brokerage@firstcitizenstt.com

First Citizens Investments Services Limited
Lady Hailes Avenue
San Fernando
Trinidad
Tel: (868) 657-2662 Extension – 6207/6208

Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday July 11, 2017