Cable & Wireless Jamaica Limited (CWJ) has requested for change of period for suspension of trading in CWJ Shares.
In reference to the Company’s application dated March 1, 2018, to suspend trading of their shares from March 5, 2018 to March 22, 2018, so as to allow time for carrying out the administrative actions associated with block transfer of the shares, which accepting CWJ shareholders have agreed to sell to CWC CALA Holdings Limited (“CWC CALA”) pursuant to the offer made by CWC CALA to the shareholders of CWJ for the purchase of all the shares in CWJ not currently held by CWC CALA or its affiliated companies, CWJ has further advised the Jamaica Stock Exchange that:
“Subsequent to the grant of the requested suspension, it has been noted that the suspension period could not accommodate the block transfer taking place in time to allow for the payment of the offer price to take place in accordance with the schedule indicated in CWC CALA’s offer. Accordingly, the Board of Directors of CWJ has resolved to make a further application to the Jamaica Stock Exchange for the suspension of trading of the company’s shares currently in effect to terminate earlier than originally requested.
“In light of the above, CWJ hereby requests that the current suspension in trading of its shares on the Jamaica Stock Exchange now terminate at the close of the trading day on March 20, 2018 ( with trading to resume on March 21, 2018). “
