July 24, 2018
JMMB Group Limited (JMMBGL) has advised that pursuant to a resolution of the Board of Directors dated September 28, 2017, the Company proposes to voluntary delist all of its issued and outstanding ordinary shares (the “JMMBGL Shares”) from the BSE (the “Proposed Delisting”). The JMMBGL Shares will continue to be listed on the TTSE and JSE.
The reasons for the Proposed Delisting are as follow:
- There are low levels of trading in the JMMBGL Shares on the BSE; and
- The low levels of trading in the JMMBGL Shares do not justify the cost [and complex regulatory requirements] associated with maintaining the listing of the JMMBGL Shares on the BSE.
JMMBGL will seek to obtain the Shareholders’ approval in respect of the Proposed Delisting by way of a special resolution at its Annual General Meeting which is scheduled for 10:30 a.m. on September 19, 2018 at the Jamaica Pegasus Hotel in Kingston, Jamaica.