December 23, 2022

Jamaica Producers Group Limited (JP) has advised that at an Extraordinary General Meeting of the Company held on December 22, 2022, JP’s shareholders gave approval for the proposed amalgamation of the material businesses of JP and PanJam Investment Limited (PJAM). The approval of JP’s shareholders will make way for JP to transfer its operating businesses to JP Global Holdings Limited (a newly incorporated wholly-owned intermediate holding company of JP) and for JP Global Holdings Limited to be transferred to PJAM in exchange for JP taking a 34.5% interest in PJAM. PJAM will host the combined group of businesses, which will be called Pan Jamaica Group.

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