JMMB Group Listed on the JSE
Jamaica Money Market Brokers Limited (JMMB), simultaneously delisted its Ordinary Shares and listed new shares in JMMB Group Limited as substitutes to JMMB shareholders at a ceremony at the Jamaica Stock Exchange (JSE) this morning. The one for one exchange means that the shareholders of the previous 1,630,552,532 share units in JMMB Ltd. now own the same number of shares in the JMMB Group, and continue to enjoy the benefits of being listed on the Exchange.
Mr. Keith Duncan, CEO JMMB Group revealed that “This strategic move follows the unanimous vote by our shareholders, the approval of the Supreme Court of Judicature of Jamaica; and is in keeping with the Omnibus Banking Legislation that was enacted to facilitate greater supervision of the financial sector, and provide the Bank of Jamaica (BOJ) with a consolidated view of the Group”. He went on to inform the audience to “expect even more exciting times ahead from us, as we move to unveil innovative financial solutions to the market, and change the face of financial services in the region, with exceptional client-experience through our unique value proposition”.