Trinidad Cement Limited (TCL) – Delisting of TCL Shares from the Guyana Association of Securities Companies and Intermediaries

Trinidad Cement Limited (TCL) has advised that by Order dated January 11, 2016, the Guyana Securities Council has granted the Company’s application for delisting pursuant to Section 40(1) and (2) of the Guyana Securities Industry Act, 1998 and the GASCI Rules #6.16, effective as of the opening of trading on Monday January 18, 2016.

On July 20, 2015 shareholders of the Company duly considered and passed Special Resolutions for the shares of Trinidad Cement Ltd to be delisted from, inter alia, the Guyana Associatin of Securities Companies and Intermediaries Inc. (GASCI) in accrdance with statutory and regulatory guidelines.

The reasons for delisting were that trading volumes and frequency were minimal, there were no sharehlders resident in Guyana, and the negative financial consequence of annual listing / maintenance charges required to be paid to GASCI.