Trinidad Cement Limited (TCL) has advised that the Eastern Caribbean Securities Exchange (ECSE) by letter dated March 8, 2016 confirmed that TCL was delisted from the ECSE effective March 1, 2016. Accordingly, TCL’s trading symbol was removed from the ECSE’s trading board and all securities were transferred to the Trinidad and Tobago Central Depository.
TCL also advised that at the last Annual Meeting of TCL held on July 20, 2015, shareholders duly considered and passed special resolutions for the shares of TCL to be delisted from, inter alia, the ECSE in accordance with statutory and regulatory guidelines.
TCL stated that the reasons for delisting were that trading volumes and frequency were minimal and the negative financial consequence of annual listing/maintenance charges required to be paid to the ECSE.
