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Financial News

Aug 2018 Financial News

JMMB Group Limited - Delisting of JMMB Group Limited from the Barbados Stock Exchange - Withdrawal Circular to all Shareholders

Aug 28, 2018

The shareholders of the Company (“Shareholders”) will be asked to approve the delisting of the issued and outstanding ordinary shares of the Company (the “JMMBGL Shares”) listed with the Barbados Stock Exchange Inc. at a meeting of the Shareholders to be held on September 19, 2018. If approved, the Company will delist its shares from the Barbados Stock Exchange (“BSE”) on a date to be determined in conjunction with the Financial Services Commission of Barbados (the “Effective Date”). After delisting, you will no longer be able to buy and sell the JMMBGL Shares via the BSE.

After careful consideration, the Board of Directors of the Company took the decision that the

Company should delist since:

  1.  there are low levels of trading in the JMMBGL Shares on the BSE; and
  2.  the low levels of trading in the JMMBGL Shares on the BSE do not justify the costs and regulatory requirements associated with maintaining the listing of the JMMBGL Shares on the BSE.

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday August 28, 2018