March 11, 2021
Derrimon Trading Company Limited (DTL) has advised that the Company has completed the transaction to acquire control of FoodSaver New York, Inc. and Good Food For Less LLC as a going concern on the terms set out in its announcement on January 8, 2021. The final consideration was valued at US$8.9 million.
DTL has also advised that the Company has redeemed early, as of March 5, 2021, all of its 9% Cumulative Redeemable Preference Shares due 2021. DTL has made an application to the Jamaica Stock Exchange to have the DTL 9% Cumulative Redeemable Preference Shares due 2021 delisted from the JSE.
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