Barita Investments Limited (BIL) – Suspension of Trading, Takeover Bid

Posted: July 27, 2018 at 5:01 pm

Barita Investments Limited (BIL) – Board Resolution and Approval for the Suspension of Trading, Take Over Bid

Barita Investments Limited (BIL) has advised that by letter dated July 19, 2018, Cornerstone Investments Holdings Limited (“Cornerstone” or the “Offeror”) notified the BIL’s Board that it was making an offer to its shareholders for 100% of the issued shares of the Company.

The Offer is scheduled to open for acceptance for a period of twenty-one (21) days namely between 10:00 a.m. on Thursday, July 26, 2018 (the “Opening Date”) and 3:00 p.m. on Thursday, August 16, 2018 (the “Closing Date”) subject, however, to the right of Cornerstone to extend the Closing Date.

In light of the above, BIL has requested that the Jamaica Stock Exchange suspends trading of the Company’s shares on the Exchange for the period Friday, August 17, 2018 to Thursday, August 23, 2018, subject to any extension of the Offer.

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