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Pan – Jamaican Investment: Redemption of 10% Convertible Cumulative Redeemable Preference Shares

Pan Jamaican Investment Trust Limited has notified the 42 Preference Shareholders of the Company’s intention to redeem the 13,714 outstanding Preference Shares, as the period for converting from Preference Shares to ordinary stock has expired.

The company refers to the terms and conditions under which the above Preference Shares were issued and advise that having attained the 5th anniversary of the issue, the Company has advised its holders of its intention to redeem the units.