Shares Allotted Under Merger of Radio Jamaica and 1834 Investments

  • Shareholding directors of Radio Jamaica Limited, trading as RJR on the stock exchange, announced last week that the allocations of shares under the transaction of the amalgamation with 1834 Investments Limited have been effected.
  • The move was based on directives given following the court's approval, and the shares will be reflected in changes to their holdings.
  • Chairman Joseph Matalon noted that he has elected in respect of himself and two entities controlled by him, that they should have the share entitlements from the scheme of arrangements allotted to ICD Investments Limited.
  • A trade was recently made on the Jamaica Stock Exchange amounting to 241,038,117 shares previously held by Mr. Matalon and entities under his control.
  • With the realignments and allotments, all shareholders and connected parties remain below the shareholding limit of 21% in the company.

(Source:  RJR News)