July 26, 2018
Barita Investments Limited (BIL) has advised that by letter dated July 19, 2018, Cornerstone Investments Holdings Limited (“Cornerstone” or the “Offeror”) notified the Board of Barita Investments Limited (“Barita” or the “Company”) that it was making an offer to the shareholders of Barita for 100% of the issued shares of the Company.
The Offer is scheduled to open for acceptance for a period of twenty-one (21) days namely between 10:00 a.m. on Thursday, July 26, 2018 (the “Opening Date”) and 3:00 p.m. on Thursday, August 16, 2018 (the “Closing Date”) subject, however, to the right of Cornerstone to extend the Closing Date.
In light of the above, Barita hereby requests that the Jamaica Stock Exchange suspends trading of the Company’s shares on the Exchange for the period Friday, August 17, 2018 to Thursday, August 23, 2018, subject to any extension of the offer.
