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Kingston Properties Limited (KPREIT) – Appointment Published: 25 January 2016

Kingston Properties Limited (KPREIT) has advised that Mr. Michael Parker and Mrs. Meghon Miller-Brown were appointed as directors of the company. They will both serve until the next annual general meeting, when they will retire but are eligible for re-election.

JMMB Group Limited (JMMBGL) – Preference Share Offer Results Published: 25 January 2016

JMMB Group Limited (JMMBGL) Preference Share Offer, which closed on, January 4, 2016, resulted in the following:

  • Both the Cumulative Redeemable 6.00% USD Preference Shares and the Cumulative Redeemable 7.50% Variable Rate JMD Preference Shares, being oversubscribed by 33, 783,500 and 327,548,000 respectively.
  • 2,000,000 Cumulative Redeemable 5.75% USD Preference Shares was offered, however, only 213,500 shares was applied for.
  • 70,000,000 Cumulative Redeemable 7.25% Variable Rate JMD Preference Shares was offered, however, only 9,434,000 was applied for.

JMMBGL has advised that all shares applied for will be allocated to applicants out of Preference Shares currently held by JMMB Group Limited.

Trinidad Cement Limited (TCL) – Delisting of TCL Shares from the Guyana Association of Securities Companies and Intermediaries Published: 25 January 2016

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.