BSE Notice – Jamaica Money Market Brokers Limited – Scheme of Arrangement
Jamaica Money Market Brokers Limited – Scheme of Arrangement – Jamaica Money Market Brokers Limited and JMMB Group Limited advise that they have received the required approval from the three stock exchanges on which JMMB's ordinary shares are currently listed (i.e., the Jamaica Stock Exchange, the Barbados Stock Exchange and the Trinidad and Tobago Stock Exchange) for the implementation of the Scheme of Arrangement approved by shareholders on September 17, 2014 and sanctioned by the Supreme Court of the Judicature on Jamaica on November 5, 2014.
The Scheme of Arrangement will see the existing ordinary shares of JMMB being exchanged for ordinary shares in JMMB Group Limited on a one on one basis, and the listing of JMMB Group Limited's ordinary shares on these stock exchanges. On implementation of the Scheme, JMMB Group Limited will therefore become the new holding company for the JMMB group of companies, and JMMB will be a wholly owned subsidiary of JMMB Group Limited.
The official notice can be accessed here.
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