December 9, 2022

Radio Jamaica Limited (RJR) has advised that consistent with the court-approved scheme of amalgamation with 1834 Investments Limited and RJR, the allocations of shares investors are entitled to receive under the transaction, are now being effected based on directives given. RJR has also advised that, Chairman Joseph M. Matalon, has elected in respect of himself and two entities controlled by him, that they should have the share entitlements from the scheme of arrangements allotted to ICD Investments Limited, which is also under the Chairman’s control. On December 8, 2022, a total of 241,038,117 shares previously held by the Chairman and entities under his control were allotted to ICD Investments Limited.

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