May 2020 Financial News

JMMB Group Limited - Press Release re Update on the Suspension of Dividend Payments

May 19, 2020

JMMB Group Limited advises that it is in receipt of a letter from the Bank of Jamaica (BOJ) dated May 11, 2020 modifying the positions previously communicated in its letter of April 29, 2020 regarding the payment of dividends by financial holding company designates (FHC’s), such as JMMB Group Limited.

The BOH has now advised that it has no objection to the payment of dividends by FHC’s to shareholders owning one percent (1%) or less of the company’s ordinary shares.

The Board of Directors of JMMB Group Limited has taken careful note of the BOJ’s position and will take this into consideration at the appropriate time. The Company will make a further disclosure in due course as and when necessary.

Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday 19th May, 2020