RJR Shareholders Vote in Extraordinary General Meeting

On December 30, 2015 shareholders of Radio Jamaica Ltd voted to support the proposed Scheme of Arrangement for Almagation of the media businesses of The Gleaner Company Ltd with Radio Jamaica Ltd.

At the end of the poll which was conducted by the Jamaica Central Securities Depository (JSCD) Ltd, it reported that:

  • 317 persons (95.8%) voted for the transaction
  • 14 persons (4.2%) voted against the transaction
  • The percentage of the votes in value, in the room by person or proxy supporting the transaction was 88.6% while 11.4% voted against.