Advisory re GKFG’s Take-Over Bid of Key Insurance Company Limited (KEY)

• On July 28, 2025, the Board of Key Insurance Limited announced that it had been informed by GraceKennedy Financial Group Limited (GKFG) that its takeover offer to shareholders had concluded as scheduled on July 11, 2025.
• The offer was widely accepted, with a substantial portion of minority shareholders tendering their ordinary shares. Following the transfer of these shares to GKFG, the company's ownership stake in Key Insurance will increase to 98.9%.
• GKFG has also indicated that the Company’s Registrar is actively collaborating with the Jamaica Stock Exchange (JSE) and the Lead Broker to facilitate the transfer of shares to GKFG and to ensure the timely settlement of payments to accepting shareholders.
• All proceedings are being carried out under the terms of the offer and the rules governing the JSE.

(Source: JSE)