Date: January 21, 2020
GraceKennedy Limited (GK) has announced plans to further strengthen and expand its Financial Division through an offer by the holding company, GraceKennedy Financial Group Limited (GKFG), to acquire general insurance entity, Key Insurance Company Limited, a company listed on the Junior Market of the Jamaica Stock Exchange.
The offer follows the acquisition, in December 2019, of 15% of Key Insurance’s shares. In pursuing ownership of the entity, GraceKennedy intends to limit its share acquisition to not more than 80%, so that Key Insurance will remain listed on the Junior Market. The offer will be open for acceptance by Key Insurance’s shareholders at 9:00 a.m. on January 27, 2020, and end at 4:30 p.m. on February 17, 2020.
For further information, please visit www.jamstockex.com
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