Caribbean Cement Company Limited (CCC) has advised that at the extraordinary general meeting, held on January 5, 2010, the shareholders of the company considered and passed two resolutions relating to the retirement of US$15m of debt between the company and its parent company, Trinidad Cement Limited (TCL), in consideration of the issue by the company of a new class of preference shares to TCL.
Both resolutions were passed by a majority vote.
CCC has also stated that the preference shares will not be traded on the Jamaica Stock Exchange.
