SCI has advised that a decision was made on February 10, 2023, by the Board of Directors to pursue the de-listing of its cross-listed ordinary J$ and US$ shares (“Shares”) on the Jamaica Stock Exchange (“JSE”).
The Shares of SCI were listed on the Main Jamaican Dollar Market (J$ Market) and the US Dollar Market (US$ Market) of the JSE on June 18, 2018. At the time of listing the Shares were also cross-listed on both markets, and as such, the J$ Shares could be traded on the US$ Market and the US$ shares could be traded on the J$ Market.
Trading across markets is extremely low in volume when compared to trading on the Main Market for the J$ and US$ Ordinary Shares of SCI, as a result, the decision was taken to delist the cross-listed shares.
