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Berger Paints Jamaica Limited (BRG) – Takeover Bid Offer

Berger Paints Jamaica Limited (BRG) has advised that the takeover bid by ANSA Coatings International Limited (ANSA) to minority shareholders of BRG, which opened on September 7, 2017, for the remaining shares representing 48.99% or 104,990,171 shares BRG, closed on October  9, 2017. ANSA has taken up and purchased 6,667,570 shares representing 6.35% of 104,990,171 shares held by minority shareholders and 3.11% of the total 214,322,393 issued shares. The settlement shares was October 18, 2017.

As a consequence ANSA now holds 54.12% 0f the issued shares of BPJL.