PanJam Investment Limited (‘PanJam’) and Jamaica Producers Group Limited (“JP”) have announced the successful completion of the amalgamation process, which was approved by the shareholders of both companies on December 22, 2022. The amalgamation agreement between the two Jamaican conglomerates, saw JP transfer its material businesses to PanJam in exchange for JP receiving a 34.5% ownership stake in PanJam.
PanJam has also advised that following the successful completion of the amalgamation of the material businesses of Jamaica Producers Group Limited (‘JP’) and PanJam Investment Limited (‘PanJam’), PanJam announces the following changes, all of which are effective on April 1, 2023:
Change of Name to Pan Jamaica Group Limited
In line with shareholder approval received on December 22, 2023, PanJam has changed its company name to Pan Jamaica Group Limited.
Senior Management Changes
Mr. Jeffrey Hall, CD has been appointed Chief Executive Officer of Pan Jamaica Group Limited.
Ms. Joanna Banks has been appointed President of Pan Jamaica Group Limited.
Mr. Alan Buckland has been appointed Chief Financial Officer Pan Jamaica Group Limited.
Mr. Eric Scott has been appointed Deputy Chief Financial Officer of Pan Jamaica Group Limited.
Ms. Simone Pearson has been appointed General Counsel of Pan Jamaica Group Limited.
Appointments to the Board of Directors
PanJam has appointed Mr. Jeffrey Hall, CD to PanJam’s Board of Directors. He will also serve as Executive Vice Chairman of the Board.
Mr. Alan Buckland and Mr. Charles Johnston, CD have also been appointed to the Board of Directors.
Please visit www.jamstockex.com for the Press Releases below.
JSE Release – JP and PJAM Complete Amalgamation appointed to the Board of Directors.
JSE Release- PJAM Announces Name Change Board Appointments and Senior Management Changes