GraceKennedy Limited (GK) advises that Signia Financial Group is exploring potential merger

Posted: February 16, 2018 at 9:30 am

GraceKennedy Limited (GK) has responded to an article “Merger likely: Globe Finance and Signia sign letter of intent” published in The Barbados Today on February 8, 2018.

Article-Merger Likely-Globe Finance and Signia sign Letter of Intent – Barbados Today 8 Feb 2018

GK has confirmed that Signia Financial Group Inc is exploring a potential merger with Globe Finance Inc pursuant to a non-binding Letter of Intent signed by the Companies’ respective shareholders and the GraceKennedy Group has a 40% interest in Signia Financial Group, which is based in Barbados.  GK states that the non-binding Letter of Intent was signed in November 2017 and is the basis of exploratory discussions on the feasibility of a merger of the two entities.

GK further advises that the Company will continue to keep the market informed if there are any further developments.

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