The Directors of Capital & Credit Merchant Bank (CCMB) and Capital & Credit Financial Group (CCFG) have advised that as per Scheme of Arrangement between Capital & Credit Merchant Bank and its Shareholders, that on May 15, 2008, CCMB Ordinary Shares will be de-listed from the Jamaica Stock Exchange (JSE) and the Trinidad & Tobago Stock Exchange (TTSE).
On the said date, the Group Company will list CCFG Ordinary Shares (six CCFG ordinary shares in the Group Company for every five CCMB ordinary shares held) and CCMB Cumulative Redeemable Preference Shares, valued at $2 per share (to be allotted at the ratio of one CCMB Preference Share for every fifteen CCMB Ordinary Shares held) on both the JSE and TTSE.
