Special Advisory: Trinidad Cement Limited (TCL)
Fallback Logo

Trinidad Cement Limited (TCL) has advised that on January 9, 2017, its Board of Directors was presented with a Notice of Change and Variation issued in Trinidad & Tobago by Sierra Trading (Sierra), an indirect subsidiary of CEMEX, S.A.B. de C.V. regarding their Offer and Take-Over Bid Circular dated December 5, 2016 (the Offer) to all shareholders of TCL to acquire up to 132,616,942 ordinary shares in TCL at a price of TT$4.50 in cash per TCL share. The said Notice of Change and Variation, which took effect on January 9, 2017, announced an increase of the Offer Price from TT$4.50 per TCL share to TT$5.07, with an option for all TCL shareholders to receive payment in US dollars, with the exception of those resident in Barbados, who will be paid in Barbados dollars. The Offer will be open for acceptance in Jamaica until 2:00 pm, Tuesday, January 24, 2017 (subject to any extension of the Offer Period subject to Regulation 16(3) of the Securities [Take-Overs and Mergers] Regulations, 1999). TCL further advised that except as otherwise set forth in the Notice of Change and Variation, the terms and conditions previously set forth in the Offer and Take-Over Bid dated December 5, 2017 continue to be applicable in all respects.

More Stories from the Market
shutterstock_453968572
December 12, 2025 United States: Fed’s Goolsbee Cites Need for More Data in Dissent Against Cut   Federal Reserve Bank of Chicago Preside…
shutterstock_609342323
December 5, 2025   Seprod Limited (SEP) has declared a dividend of $0.605 per stock unit payable on January 16, 2026, to stockholders on record…
shutterstock_148562033
December 5, 2025   Kingston Wharves Limited (KW) has advised that a connected party sold a total of 1,122,648 KW shares during the period Novem…
shutterstock_609342323
December 5, 2025   Kingston Wharves Limited (KW) has declared a dividend of $0.44 per stock unit payable on January 16, 2026, to stockholders o…
MIL
December 5, 2025 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for November 28, 2025, was J$8.44. MJE’s c…
shutterstock_537598660
December 5, 2025 EduFocal Limited (LEARN) Unaudited financials for the six months ended June 30, 2025: EduFocal Limited (LEARN) for the six months …
shutterstock_342262439
December 4, 2025   JMMB Group Limited (JMMBGL) has advised that at a meeting of its Board of Directors to be held on December 10, 2025, an inte…
new-notes-thumnail
December 04, 2025 Government Operations Results for October 2025 Disclaimer: Analyst Certification – The views expressed in this research report ac…