December 16, 2024
tTech Limited (TTECH) has advised that the Company has received a formal takeover over offer from Simply Secure Limited (“the Offeror”) to acquire 32,770,777 of the issued and outstanding shares in the Company. TTECH has further advised that the Offeror has already acquired 73,229,223 TTECH shares amounting to 69.1% of the Company’s 106,000,000 issued ordinary stock units through a series of acquisitions at a price not exceeding J$2.20 per share, thereby acquiring control of the Company on November 16, 2024. The Offeror advised the Board of Directors of the Company on December 12, 2024, of its intention to make this Offer to all TTECH shareholders to acquire the remaining 32,770,777 TTECH shares (amounting to 30.9% of the issued ordinary stock units) in compliance with the Take-Over Rules of the Securities Regulations and the rules of the Jamaica Stock Exchange.
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