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.
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