DECEMBER 4, 2007
JAMAICA STOCK EXCHANGE
JAMAICA STOCK EXCHANGE
JAMAICA STOCK EXCHANGE
JAMAICA STOCK EXCHANGE
Re: Proposed Offer by Angostura Ltd. to purchase shares in Lascelles de Mercado & Co. Ltd.
The Jamaica Stock Exchange have carefully scrutinized the documents which were presented to the Exchange in connection with the recently announced press release by Lascelles de Mercado with regards to the proposed substantial bid by Angostura Ltd. to purchase 49.24% of the shares in Lascelles de Mercado & Co. Ltd. The Exchange has held discussions with the affected parties and their legal advisers and has itself sought legal advice on the matter.
After carefully considering all the information and advice provided, the Exchange has determined that the activities of Angostura Ltd. constitutes an “Offer” within the meaning of Appendix 1 – Take-overs and Mergers of the Rules of the Jamaica Stock Exchange. Accordingly, it is necessary for the said Offer to conform to the procedures outlined in the Rules.
After carefully considering all the information and advice provided, the Exchange has determined that the activities of Angostura Ltd. constitutes an “Offer” within the meaning of Appendix 1 – Take-overs and Mergers of the Rules of the Jamaica Stock Exchange. Accordingly, it is necessary for the said Offer to conform to the procedures outlined in the Rules.
After carefully considering all the information and advice provided, the Exchange has determined that the activities of Angostura Ltd. constitutes an “Offer” within the meaning of Appendix 1 – Take-overs and Mergers of the Rules of the Jamaica Stock Exchange. Accordingly, it is necessary for the said Offer to conform to the procedures outlined in the Rules.
After carefully considering all the information and advice provided, the Exchange has determined that the activities of Angostura Ltd. constitutes an “Offer” within the meaning of Appendix 1 – Take-overs and Mergers of the Rules of the Jamaica Stock Exchange. Accordingly, it is necessary for the said Offer to conform to the procedures outlined in the Rules.
After carefully considering all the information and advice provided, the Exchange has determined that the activities of Angostura Ltd. constitutes an “Offer” within the meaning of Appendix 1 – Take-overs and Mergers of the Rules of the Jamaica Stock Exchange. Accordingly, it is necessary for the said Offer to conform to the procedures outlined in the Rules.
Mrs. Marlene Street Forrest – General Manager of the JSE stated that ‘we are having discussions with the affected parties and will continue to work with them to ensure that the rights of shareholders and the integrity of the market are protected.’
Mrs. Marlene Street Forrest – General Manager of the JSE stated that ‘we are having discussions with the affected parties and will continue to work with them to ensure that the rights of shareholders and the integrity of the market are protected.’
Mrs. Marlene Street Forrest – General Manager of the JSE stated that ‘we are having discussions with the affected parties and will continue to work with them to ensure that the rights of shareholders and the integrity of the market are protected.’
Mrs. Marlene Street Forrest – General Manager of the JSE stated that ‘we are having discussions with the affected parties and will continue to work with them to ensure that the rights of shareholders and the integrity of the market are protected.’
Mrs. Marlene Street Forrest – General Manager of the JSE stated that ‘we are having discussions with the affected parties and will continue to work with them to ensure that the rights of shareholders and the integrity of the market are protected.’
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CONTACT: NEVILLE ELLIS
JAMAICA STOCK EXCHANGE
TEL: (876) 967-3271
FAX: (876) 924-9090
