Derrimon Trading Company Limited (DTL) On January 17, 2017 Derrimon Trading Company Limited (“Derrimon”) announced that it would make a tender offer (the “Offer”) to purchase all the stock units in Caribbean Flavours and Fragrances Limited (“CFF”) not already held by Derrimon at a price of J$ 4.50 plus interest. The Offer was made by way of an Offer Circular dated January 20, 2017 which was distributed to CFF stockholders. The Offer expired on February 10, 2017.
The Offer was accepted by two (2) stockholders of CFF who tendered 23,379,208 CFF stock units. This represents approximately 26.00% of all stock units issued by CFF. As a result of the foregoing transactions, Derrimon will hold approximately 75.02% of the stock units issued by CFF.