Apr 2014 Financial News

Sagicor Investments Jamaica Ltd Result of EGM

Apr 02, 2014

Sagicor Investments Jamaica Limited has advised that at the Extraordinary General Meeting held on March 27, 2014 100% of the stockholders present voted in favour of the Scheme of Arrangement as proposed by the Court Order at the meeting. Effectively the Scheme of Arrangement will result in stockholders of Sagicor Investments Jamaica Limited being issued with 1.8 Sagicor Group Limited Shares for every 1 ordinary stock unit held in Sagicor Investment Jamaica Limited. However this is subject to the final approval of the Supreme Court. Once approved a request will be made to the Jamaica Stock Exchange by order of the Board to close the register of Sagicor Investments Jamaica to effect the conversion/transfer of the stocks to Sagicor Group Limited. Thereafter an application will be made to list those shares in the register of Sagicor Group Limited and also for the delisting of Sagicor Investments Jamaica Limited.


Source:
Jamaica Stock Exchange
Wednesday April 2, 2014

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