February 10, 2025
JMMB Group Limited (JMMBGL) has advised that on February 6, 2025, the Board of Directors passed a resolution to suspend trading of the following tranches at end of trading day on February 18, 2025, until end of trading day on March 6, 2025:
- Cumulative Redeemable 5.75% USD Preference Shares 2018
- Cumulative Redeemable 7.25% Variable Rate JMD Preference Shares 2018
- Cumulative Redeemable 5.50 % USD Preference Shares 2018
- Cumulative Redeemable 7.00% Variable Rate JMD Preference Shares 2018
JMMBGL has further advised that the purpose of the suspension is to enable the following:
- To facilitate payment of redemption payments of Cumulative Redeemable 5.50% USD Preference Shares 2018 and Cumulative Redeemable 7.00% Variable Rate JMD Preference Shares 2018 which are to be redeemed on March 6, 2025.
- To facilitate the issuing of notices of Separate General Meetings scheduled for March 3, 2025, for holders of the Cumulative Redeemable 5.75% USD Preference Shares 2018 and Cumulative Redeemable 7.25% Variable Rate JMD Preference Shares 2018.
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
